According to lookonchain, a trader made $12.80 million profit on ai16z and today sold 1.35 million ai16z (worth $3 million) and bought 4.92 million arcs (worth $2 million). The trader initially spent 25,439 SOL (worth $5.76 million) to buy 10.96 million AI16Z, then sold 5.63 million AI16Z (worth $7.50 million), leaving 5.33 million AI16Z (worth $11.09 million), realizing a profit of $12.80 million. Additionally, the trader spent $3.25 million of USDC on 10.20 million arcs since Dec. 26, with an average purchase price of $0.32.