ChainCatcher reported that a whale used two linked wallets to accumulate 0.28% of Artificial Inu’s total supply between Sept. 3 and Sept. 17, spending $991,000 on the position. The token later reached a record market capitalization of $450 million on Sept. 17 before falling 70% from that peak. As of now, the whale’s holdings have not changed, leaving the position with an unrealized loss of $600,000. The report focused on the timing of the purchases, the scale of the position relative to supply, and the current paper loss after the token’s retreat from its all-time high market value.
According to ChainCatcher, a whale used two linked wallets to buy 0.28% of Artificial Inu’s supply between Sept. 3 and Sept. 17, spending $991,000 in total.
Artificial Inu reached an all-time high market capitalization of $450 million on Sept. 17 and then fell 70%. The whale’s position remains unchanged as of now, with an unrealized loss of $600,000.
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