Whale Loses $20M Betting Big on AI Tokens
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Cumulative profit and loss chart showing the whale’s sustained drawdown on AI agent tokens. Source: Coin Bureau on XA single crypto whale just lost $20.4 million after investing $23 million in AI agent tokens on the Base blockchain, selling for only $2.58 million — an 88.77% drawdown.
The losses were steep across all six tokens in the portfolio, including FAI (-92%), AIXBT (-84%), and NFTXBT (-99%). The wallet now holds just $3,584 in miscellaneous crypto.
This incident highlights the extreme volatility of speculative AI-themed tokens, where hype and promises often outweigh actual utility. For investors, it’s a stark reminder: concentrated positions in speculative assets can wipe out fortunes almost overnight.