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The whale of AI money turned one of the most powerful events of the year into an expensive lesson, selling a basket of funds that cost him $ 31.12 million for $ 2.57 million (according to the blockchain data published by Ember), which is equivalent to a loss of 92% due to the decrease in income and prices.
The project opened these contracts at the beginning of the year at a time when artificial intelligence experts did it, since the money goes to any project related to sales robots and execution related to artificial intelligence. These actions were recently closed with a loss of $ 28.54 million (92%) in connection with the economic decline and the decrease in investor interest, since the funds of Aixbt-AIXBT and Freysa AI-FAI were lost. $15.89 million (91%) and $9.87 million (92%), respectively.
Aggressive trading drives down the prices of all AI currencies
Wallet transactions for Virtuals’ NFTXBT and Polymath Network-POLY were nearly wiped out, recording 99% losses of $690,000 and $780,000 respectively.
Some of the funds did not do well, such as the wallet of Botto-BOTTO – for Artificial Intelligence that describes the art of creation and ownership of the project – recorded a loss of $930,000 (84%), while the best Microtrader-MAICRO – which is also related to the Virtuals skill system – recorded a loss of $380,000 (%).
This forced withdrawal led to rapid price movements due to reduced open trading of the currency.
Finally, Ember data shows that the price of Aixbt, Freysa AI, nftxbt, Botto, Maicrotrader, and Polymath Network decreased by 10%, 8%, 29%, 32%, 48%, and 26%, respectively, during the sale.
Arkham’s platform will reveal a huge sales force as the artificial intelligence system slows down
Arkham’s browser data shows multiple transactions between whale wallets and liquid pools, with tens of millions of coins from each project flowing in parallel. The move reflects a deliberate decision to withdraw funds instead of slowing down, setting losses rather than waiting for new ideas in AI-assisted funds.
In the end, these events became an important lesson for the participants in the behavior of groups based on market trends when they change, since many AI funds were established in the recent popularity of the sector, and none of them managed to raise money or use it in a natural way that would make a big profit by removing investors.
Liquidating sales shows the limits of the growth of the whale in the low liquid areas of the crypto sector, as the large volume that helped to use the money in its early days can turn into a big burden when the liquidity decreases, as everyone stops trying to help reduce the cost and the cost of the possibility of recovery.
Finally, the removal of the whale has closed all the doors in front of the remaining traders in the sector of intelligence agents, which is a painful reminder of the punishment that awaits everyone – including those who have large shares – in the final stages of the permanent sectors, while others see the removal as a useless move from low water markets.
A note One of the AI cats closes his trade with a loss of 92% after the market closes appeared for the first time Cryptonews Arabic.
