Prior to this, the Heavy Position ARC and AI16Z's Whale were already floating at a loss of $647,000.

According to on-chain analyst Ai, the Whale who previously bought ARC and AI16Z is now holding a floating loss of $647,000. ARC has dropped by 7.41% in the past 24 hours, and AI16Z has dropped by 13.57% in the past 24 hours. The Whale previously spent 15,000 SOL to purchase 5.48 million AI16Z and 11,250 SOL to purchase 7.31 million ARC.