A prominent crypto whale has experienced significant losses in the volatile market, with their portfolio showing a 60% drop across PNUT, ai16z, and ARC tokens. While speculation links this wallet to Galaxy Digital, no official confirmation exists. The market is now focusing on the volatility within memecoins and AI-powered tokens. 60% of unrealized or realized losses totaling $9.98 million for the whale have been incurred over recent months. The whale’s current portfolio reflects significant declines in value for these tokens, raising concerns about high-risk betting trends. The impact of such volatility has drawn attention to the unpredictable nature of memecoins and AI tokens.