Crypto Whales Suffer Millions in Losses as Two Popular Tokens Plunge

Blockchain data reveals that a major investor who made a substantial bet on the artificial intelligence token AI16Z has suffered significant losses.

Just 24 days ago, the whale spent $2.91 million to establish a position, purchasing tokens at an average price of $2.17. However, with the token now down 77% from its peak, the investor’s holdings have plunged in value, resulting in a $2.14 million loss.

Further analysis of on-chain activity shows another high-stakes trader facing losses. This second whale recently bought into TRUMP, a memecoin, acquiring 92,700 tokens for $2.8 million on January 28, when the asset was experiencing a brief rebound.

However, as the price continued to decline, the investor exited the position, selling all holdings at an average price of $23.82. The rushed exit resulted in a loss of $590,000.

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Major Crypto Investor Faces Significant Losses After Recent Sell-Off

The movements of large-scale investors often draw attention in the crypto space, especially when major losses occur. With market volatility persisting, the latest whale trades highlight the risks even experienced players face when making high-value speculative bets.

Alexander Zdravkov