Whale Investor Faces Significant Losses in Cryptocurrency Holdings

According to PANews, a major investor who spent $16.41 million on cryptocurrency assets PNUT, ai16z, and arc has incurred losses totaling $9.98 million, with a reduction in asset value exceeding 60%. The investor allocated $9.12 million to PNUT at a cost of $0.3448 per unit, but liquidated the holdings two weeks ago, resulting in a loss of $4.975 million. For ai16z, $5.6 million was invested at a cost of $0.7447 per unit, currently showing an unrealized loss of $4.58 million. Additionally, $2.77 million was spent on arc at a cost of $0.2914 per unit, with the holdings cleared two months ago, leading to a loss of $426,000. Previous analyses suggest that the address may belong to Galaxy Digital, although it remains uncertain whether it serves as a market maker for the three tokens.