Whale Gives Up on $ai16z — Takes a $1.92M Hit

After 3 months of holding, one whale has finally capitulated on their $ai16z position.

Initial Buy: 3 months ago, they spent 18,000 $SOL ($3.68M) to buy 6.51M #ai16z at $0.57.

Today’s Sell: Dumped 4M $ai16z for $1.05M at $0.26, realizing a loss of $1.92M.

Remaining Bag: Still holding 2.51M $ai16z, now worth around $702K.

Wallet:

8u6u372KPb4it3VLetWnGVWa8ZUSoNjyhp4YJzuMCecT

Capitulation like this often marks emotional bottoms—do you think $ai16z rebounds from here or fades further?