19-4-2025 – A prominent investor has suffered substantial financial setbacks, with losses nearing $10 million across three digital assets: PNUT, ai16z, and arc. The total investment, amounting to $16.41 million, has dwindled by over 60%, underscoring the volatile nature of such ventures.
The investor channelled $5.6 million into ai16z, acquiring units at $0.7447 each. However, the value of these holdings has plummeted, leaving an unrealized deficit of $4.58 million. A separate foray into arc saw $2.77 million invested at $0.2914 per unit, but the position was unwound two months ago, crystallising a loss of $426,000. The heaviest blow came from PNUT, where $9.12 million was committed at $0.3448 per unit. The decision to liquidate this stake two weeks ago resulted in a stinging $4.975 million shortfall.
Speculation has swirled around the identity of the investor, with some market observers pointing to Galaxy Digital as the possible entity behind the wallet address. Yet, it remains unclear whether this party was acting as a market maker for the trio of tokens.
