Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens
- Galaxy Digital incur losses across PNUT, ai16z, and ARC cryptocurrencies.
- PNUT, ai16z, and ARC are built on the Solana blockchain.
- SOL has lost all the gains it made at the beginning of the year.
A Chinese crypto user on X has spotted notable losses on Galaxy Digital’s holdings across some cryptocurrencies on the Solana blockchain. According to the crypto user, they identified a crypto wallet belonging to a well-known asset manager that spent $16.41 million to take positions in three crypto tokens.
「近三个月花费 1641 万美金建仓 $PNUT & $ai16z & $arc」的地址大概率归属于 Galaxy Digital
— Ai 姨 (@ai_9684xtpa) February 18, 2025
目前该机构在这三个 Memecoin 上的累计亏损高达 849.3 万美金，尚不确定是否参与了做市PNUT：持有 2146 万枚，成本 $0.3743，浮亏 493.5 万美金
ai16z：持有 753 万枚，成本 $0.7446，浮亏 313.3… https://t.co/a1JShknEP6 pic.twitter.com/U9g6huoHl9
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The post Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens appeared first on Coin Edition.
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Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens
- Galaxy Digital incur losses across PNUT, ai16z, and ARC cryptocurrencies.
- PNUT, ai16z, and ARC are built on the Solana blockchain.
- SOL has lost all the gains it made at the beginning of the year.
A Chinese crypto user on X has spotted notable losses on Galaxy Digital’s holdings across some cryptocurrencies on the Solana blockchain. According to the crypto user, they identified a crypto wallet belonging to a well-known asset manager that spent $16.41 million to take positions in three crypto tokens.
「近三个月花费 1641 万美金建仓 $PNUT & $ai16z & $arc」的地址大概率归属于 Galaxy Digital
— Ai 姨 (@ai_9684xtpa) February 18, 2025
目前该机构在这三个 Memecoin 上的累计亏损高达 849.3 万美金，尚不确定是否参与了做市
Related: Solana Meme Coin Chaos: Scandals Spark Investor Risk Debate
$16 Million Crypto Wager on PNUT, AI16Z, ARC Turns Red
In a recent post on X, the Chinese observer noted that Galaxy Digital invested the funds into …
The post Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens appeared first on Coin Edition.
Read More
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves