A major crypto whale has suffered a devastating blow after a heavy bet on AI agent tokens went terribly wrong. In just a short span of time, the wallet’s total value plunged from $23 million to nearly $2.58 million, marking an eye-watering loss of around 89%.
Blockchain data shows the whale held six different AI-focused tokens, all of which experienced massive price crashes—each falling more than 88% from their peak values. What was once considered a high-conviction portfolio tied to the AI narrative quickly turned into one of the most brutal losses seen in recent weeks.
The sharp decline highlights the extreme volatility surrounding AI-related crypto assets. While the sector attracted huge hype earlier this year, liquidity has thinned and selling pressure has intensified, leaving large holders exposed to rapid drawdowns.
Market analysts suggest that overconfidence in early-stage AI agent projects, combined with low trading volume and aggressive profit-taking, may have amplified the losses. Even whales, often seen as “smart money,” are not immune when narratives shift suddenly.
This incident serves as a stark reminder that hype-driven sectors can reverse violently, and portfolio diversification and risk management remain critical—even for deep-pocketed investors.
