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Whale Drops $7.5M on AI Tokens in Three Hours

Coin WorldTuesday, Feb 11, 2025 3:31 am ET
1min read

A significant investment of $7.511 million was made in the past three hours by an unidentified investor, known as a "whale," in the artificial intelligence (AI) sector. The whale established positions in ARC and ai16z, two AI sector tokens, using all 38,138.68 SOL previously withdrawn from Coinbase for this purchase operation.

The address "8u6u3...MCecT" bought ARC at a price of $0.3165, currently facing an unrealized loss of $48,700. The whale also bought ai16z at a price of $0.5609, currently enjoying an unrealized gain of $65,600.

This substantial investment in the AI sector comes as the market continues to grow and evolve, with new opportunities emerging in the decentralized finance (DeFi) space. As the Solana re-staking market gains traction, investors are looking for exciting new opportunities in the sector.

The Story Mainnet launch is also approaching, and investors are eager to identify which tokens are worth holding onto. As the market continues to develop, it is essential for investors to stay informed about the latest trends and opportunities in the AI and DeFi sectors.

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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