According to Lookonchain, a major whale liquidated part of his $ai16z holdings after three months, realizing a $1.92 million loss. The trader initially spent 18,000 SOL (worth $3.68 million) to acquire 6.51 million $ai16z at $0.57 each. Today, the whale sold 4 million $ai16z for $1.05 million at $0.26 per token to stop further losses, retaining 2.51 million $ai16z valued at $702,000. This large-scale capitulation suggests weak short-term sentiment and may signal increased bearish pressure or potential further downside for $ai16z, especially given the magnitude of the realized losses. Traders should watch for volatility and possible support levels around the $0.25–$0.26 range. (Source: Lookonchain on Twitter, May 1, 2025)