According to Lookonchain, a large investor sold 4 million $ai16z tokens at $0.26 each after holding for three months, realizing a loss of $1.92 million. This whale originally bought 6.51 million $ai16z at $0.57 for 18,000 $SOL ($3.68 million). Following the partial sale, the investor retains 2.51 million $ai16z (valued at $702,000). This capitulation suggests increased selling pressure and may signal further bearish sentiment for $ai16z in the near term. The event highlights significant volatility and potential downside risk, which active traders should closely monitor for potential short opportunities or to adjust risk management strategies. (Source: Lookonchain on Twitter, May 1, 2025)