Notable Losses on Galaxy Digital’s Crypto Holdings

A Chinese crypto user on X reported significant losses on Galaxy Digital’s investments in cryptocurrencies on the Solana blockchain. They identified a wallet belonging to the asset manager that spent $16.41 million on three crypto tokens.

> 近三个月花费 1641 万美金建仓 $PNUT & $ai16z & $arc
> 的地址大概率归属于 Galaxy Digital🧐
>
> 目前该机构在这三个 Memecoin 上的累计亏损高达 849.3 万美金，尚不确定是否参与了做市
>
> 🔸PNUT：持有 2146 万枚，成本 $0.3743，浮亏 493.5 万美金
> 🔹ai16z：持有 753 万枚，成本 $0.7446，浮亏 313.3… Source
> — Ai 姨 (@ai_9684xtpa) February 18, 2025

$16 Million Crypto Wager on PNUT, AI16Z, ARC Turns Red

In a recent post, the user detailed that Galaxy Digital invested in three digital assets: PNUT, ai16z, and ARC. Since their acquisition, all three tokens have significantly decreased in value.

The analysis revealed that Galaxy Digital owned 21.46 million PNUT tokens at an acquisition cost of $0.3743, incurring a floating loss of $4.935 million. Additionally, they held 7.53 million ai16z tokens at $0.7446 each, reflecting a floating loss of $3.133 million. The firm also faced a $425,000 floating loss on ARC tokens purchased at $0.2913 each.

$8.5 Million Loss on Solana Tokens

The exact timing of Galaxy Digital’s purchases remains unspecified; however, the cumulative loss from these three tokens amounted to $8.493 million at the time of the post. This decline is mirrored in the falling price of SOL, the Solana blockchain’s native token, which has plummeted from a yearly high of $295 on January 19 to $168.

The ongoing fall in the value of these assets reflects a cautious attitude among cryptocurrency holders awaiting clearer regulatory guidelines, especially in light of recent movements to reform the US crypto landscape initiated by Donald Trump.

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