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    Home » Mysterious Whale Withdraws $5,000,000 in Solana From Coinbase, Potentially To Accumulate AI Coins: Lookonchain
    Altcoins

    Mysterious Whale Withdraws $5,000,000 in Solana From Coinbase, Potentially To Accumulate AI Coins: Lookonchain

    Isabella TaylorBy Isabella TaylorFebruary 13, 2025No Comments2 Mins Read
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    Blockchain tracking firm Lookonchain says a crypto whale suddenly withdrew $5 million worth of Solana (SOL) to possibly buy more artificial intelligence (AI) related tokens.

    According to Lookonchain, an anonymous deep-pocketed investor spent nearly $8 million of Solana to buy AI-focused altcoins AI Rig Complex (ARC) and ai16z (AI16z) and then withdrew more than 25,000 SOL from Coinbase.

    The whale may now use the SOL to buy even more AI-related tokens, as Lookonchain suggests the AI token trend may be making a “comeback.”

    “The mysterious whale withdrew another 25,306 SOL ($5 million) from Coinbase [Tuesday], possibly to buy more AI tokens. [Earlier ] the whale spent 38,138 SOL ($7.8 million) buying arc and ai16z.”

    AI16z is trading for $0.4746 at time of writing, down 8.9% in the last 24 hours. With a market cap of $530.2 million, the Solana-based token is the 158th largest crypto project.

    Meanwhile, ARC is trading for $0.3285 at time of writing, up 13.6% in the last 24 hours. With a market cap of $321.1 million, the Solana-based token is the 228th largest crypto project.

    Lookonchain also reports crypto whales are suddenly buying massive amounts of Ethereum (ETH).

    Ethereum plummeted below $3,000 earlier this month and has since been chopping around the $2,600 level.

    “These two whales withdrew another 49,250 ETH ($131 million) from Binance and Bitfinex.”

    ETH is trading for $2,678 at time of writing, up 3.2% in the last 24 hours.

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    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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