According to Lookonchain, a whale identified as E9uD...Y9cf continues to invest heavily in $ai16z tokens. Recently, the whale withdrew 5,291 SOL, equivalent to $1 million, from Coinbase Prime to purchase an additional 1.13 million $ai16z. Over the past month, this whale has accumulated 19.83 million $ai16z tokens at a price of $0.48 each, resulting in an unrealized profit of $8.4 million. This activity suggests strong confidence in $ai16z, potentially influencing other traders' decisions.