Investor loses nearly $10M on PNUT, ai16z, and ARC bets

Whale Wallet Loses Nearly $10 Million on $PNUT, $ai16z, and $ARC in Just Five Months

In another stunning development in the crypto world, one whale of a wallet that has aggressively built multimillion-dollar positions in three altcoins—$PNUT, $ai16z, and $ARC—now holds an astounding aggregate loss that is nearly all unrealized. Across five months, the balance in the wallet has swayed from almost $10 million in profit to just under $10 million in loss; at this moment, a tipped-to-the-side scale between unrealized and realized los…

Investor loses nearly $10M on PNUT, ai16z, and ARC bets

19-4-2025 – A prominent investor has suffered substantial financial setbacks, with losses nearing $10 million across three digital assets: PNUT, ai16z, and arc. The total investment, amounting to $16. 41 million, has dwindled by over 60%, underscoring the volatile nature of such ventures. The...