Odaily Planet Daily reports: On X, on-chain analyst Aunt Ai wrote, "Those who drown are the ones who know how to swim." She noted that Leopold Aschenbrenner grew his fund 73-fold over two years and earned the title of "genius stock guru"; however, within one month, the fund suffered a 67% drawdown, recording over $5 billion in paper losses, forcing it to sell large portions of its holdings to repay loans. She also added that just one day after liquidating positions, the market rebounded, and the stocks the fund had heavily weighted saw significant gains.
AI Fund Suffers 67% Drawdown, Incurs Over $5 Billion in Paper Losses
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Summary
A fund managed by Leopold Aschenbrenner, known as the "AI stock god," experienced a 67% drawdown in one month, resulting in over $5 billion in paper losses. Forced to liquidate large positions to cover debts, the fund suffered as the Fear & Greed Index plunged sharply. The following day, the market rebounded, and its top holdings surged. Traders are now monitoring altcoins for potential rebounds amid volatile conditions.
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