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This Whale Missed Out $40M Profit on $ai16z and $ZEREBRO

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In an unfortunate event in the volatile crypto market, a whale missed out on a substantial profit opportunity with the tokens $ai16z and $ZEREBRO due to wrong timing.

Earlier today, on-chain analyst Lookonchain alerted the crypto community that, as of January 2, the whale had an unrealized profit of $40.8 million from investments in $ai16z and $ZEREBRO since November 28, 2024.

According to on-chain data, this whale spent $9.33 million on 19.83 million $ai16z tokens, which later increased to $45.4 million (+387%). He also invested $5.89 million in 15.4 million $ZEREBRO tokens, which increased to $10.37 million (+82%).

From $40M Profit to $2M Loss

However, the scenario changed dramatically when the whale decided to sell his $ZEREBRO holdings after two months. On January 9, he sold $ZEREBRO, losing approximately $1 million. The decision came when the market conditions for the AI token had shifted unfavorably.

Fast-forward to today: The whale also offloaded his 21.34 million $ai16z (worth $9.18 million), losing another $1 million.

Market Timing

This underscores the importance of timing in the crypto sector.  While holding onto winning positions can sometimes yield more significant gains, it also carries the risk of missing optimal exit points.

Several crypto community members reacted to the development, emphasizing that timing is everything in crypto trading.

An X user, FOMO Hunter, stated that the missed profit opportunity should be a lesson in timing and greed when trading crypto.

The post This Whale Missed Out $40M Profit on $ai16z and $ZEREBRO appeared first on Cointab.

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