A whale liquidated its holdings of multiple AI Agent tokens purchased at the beginning of the year for $31.12 million, only to recoup its investment f...
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TL;DR
A whale sold AI Agent tokens bought for $31.12M, now worth only $2.57M, losing 92% ($28.54M) as the AI craze faded. Losses ranged from 84% to 99% across tokens like AIXBT and FAI.
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Any InuDoggone DoggerelwhaleAI Agent tokenscrypto lossliquidationinvestment
PANews reported on December 16th that, according to on-chain analyst Ember, a whale who invested $31.12 million in multiple AI Agent tokens during the AI Agent craze at the beginning of the year has now liquidated his holdings this morning as the wave recedes. His $31.12 million cost basis was reduced to only $2.57 million, resulting in a loss of $28.54 million (-92%).
Specifically, he lost 91% ($15.89 million) on AIXBT; 92% ($9.87 million) on FAI; 99% ($690,000) on NFTXBT; 84% ($930,000) on BOTTO; 90% ($380,000) on MAICRO; and 99% ($780,000) on POLY.