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Trading ai16z at an address earns $12.80 million in profit and increases its holdings worth $2 million arc

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2025-01-07 16:20:08
According to lookonchain, a trader made $12.80 million profit on ai16z and today sold 1.35 million ai16z (worth $3 million) and bought 4.92 million arcs (worth $2 million).
The trader initially spent 25,439 SOL (worth $5.76 million) to buy 10.96 million AI16Z, then sold 5.63 million AI16Z (worth $7.50 million), leaving 5.33 million AI16Z (worth $11.09 million), realizing a profit of $12.80 million.
Additionally, the trader spent $3.25 million of USDC on 10.20 million arcs since Dec. 26, with an average purchase price of $0.32.
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