TechFlow reports on February 18, according to Ai Yi's monitoring, an address suspected to belong to Galaxy Digital has invested $16.41 million over the past three months to accumulate positions in three meme coins—PNUT, ai16z, and arc—and currently faces a total unrealized loss of $8.493 million across these three projects. It remains unclear whether market-making activities were involved.
Detailed holdings show: holding 21.46 million PNUT tokens at a cost basis of $0.3743, resulting in an unrealized loss of $4.935 million; holding 7.53 million ai16z tokens at a cost basis of $0.7446, with an unrealized loss of $3.133 million; all arc tokens have already been transferred to the Gate exchange, at a cost basis of $0.2913, confirming a realized loss of $425,000.
