$BTC A $ai16z whale, after a three-month hold, has thrown in the towel, dumping part of their stash at a steep $1.92M loss.
Initially, they shelled out 18,000 $SOL ($3.68M) to snag 6.51M $ai16z at $0.57 each. Now, they’ve offloaded 4M $ai16z for $1.05M at $0.26 to cut losses, holding onto 2.51M $ai16z worth $702K.
What’s behind this whale’s decision to sell $ai16z at such a massive loss after holding for three months?