According to Lookonchain, some wallets holding unrealized profits from ai16z have started selling tokens, and two addresses have sold a total of 2.17 million ai16z tokens, including: Two hours ago, the CAR4F9... 7XHT address sold 1.14 million ai16z for 10,856 SOL ($2.25 million), with 285,000 ai16z ($568,000) remaining at the address. Nine hours ago, the 6C6bwA... MLxE address sold 1.03 million ai16z for 2.49 million USDC, with 3.42 million ai16z ($6.80 million) remaining at the address.
According to Glassnode, Bitcoin's net realized profit/loss reflects the overall profitability of on-chain trading. Year-to-date volatility in the indicator has increased, peaking at Quarter 1, when Bitcoin surged above $70,000. Despite this rally, the indicator stabilized in the second half of 2024, indicating a balance between profits and losses as the market matured after the halving. Notes: Net realized profit/loss is the net profit or loss of all mobile coins, determined by the difference be...