Trader Salem sells 20.06 million AI tokens, clearing position for $2.14m profit

The story so far: Trader Salem AI token trades

On-chain analyst Yu Jin reported that trader Salem sold 20.06 million AI tokens for about $1.09m, briefly pushing the token down 15%, on a position that returned a $2.14m profit. Salem has since bought back 7.45 million AI tokens worth $612,000, pushing the price up 25%.

1. 24 Oct 202601:29 UTC

   Trader Salem sells 20.06 million AI tokens, clearing position for $2.14m profit

   On-chain analyst Yu Jin says trader Salem sold 20.06 million AI tokens for 461 ETH, about $1.09m, two hours before publication, briefly pushing AI down 15%. Salem's AI position cost $980,000 and returned $3.12m, a profit of $2.14m.

   AltcoinsPANewsAIBearish

2. 29 Oct 202600:54 UTC

   Trader @Salem1299534 buys back 7.45m AI tokens as price rises 25%

   On-chain analyst Yu Jin says trader @Salem1299534 (0xb8f...04eA) bought back 7.45m AI tokens worth $612,000 five hours earlier, pushing the token up 25%.

   AltcoinsOdailyAIBullish