Odaily Planet Daily reports, according to on-chain analyst Yujin, trader @Salem1299534 (0xb8f...04eA) sold all 20.06 million AI tokens two hours ago, exchanging them for 461 ETH worth $1.09 million, causing AI’s price to drop 15% temporarily. The trader ultimately realized a $2.14 million profit on AI, with an initial investment cost of $980,000 and a total return of $3.12 million.
Trader Profits $2.14M After Selling 20.06M AI Tokens for 461 ETH
KuCoinFlashShare
Summary
A trader known as @Salem1299534 (0xb8f...04eA) sold 20.06 million AI tokens for 461 ETH, worth $1.09 million, triggering a 15% short-term price decline. The ETH price movement followed a large-scale token exit. The trader initially invested $980,000 and sold the tokens for $3.12 million, realizing a $2.14 million profit. ETH analysis indicates increased volatility amid significant on-chain activity.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.