TechFlow news, on January 7, according to Lookonchain monitoring, a smart money address sold 1.35 million ai16z tokens (approximately $3 million) and used the proceeds to purchase 4.92 million ARC tokens (around $2 million) after realizing a profit of $12.8 million.
Earlier, this trader acquired 10.96 million ai16z tokens for $5.76 million (25,439 SOL), later selling 5.63 million of them for a $7.5 million profit. They currently still hold 5.33 million ai16z tokens (worth approximately $11.09 million).
In addition, since December 26, the trader has invested a total of $3.25 million in USDC to buy 10.2 million ARC tokens, with an average purchase price of $0.32 per token.
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