"Galaxy Digital loses $8.49M from meme coin investments over 3 months"

Source
Son Min

Summary

  • Galaxy Digital invested $16.41 million in meme coins including PNUT over the past three months, resulting in a loss of $8.49 million.
  • According to the on-chain analyst, this case represents a significant unrealized loss of the initial investment capital.
  • This investment case by Galaxy Digital has once again highlighted the risks in highly volatile digital asset investments.

An address suspected to belong to Galaxy Digital has recorded losses of $8.49 million (approximately 12.2 billion won).

On the 17th (local time), on-chain analyst ai_9684xtpa revealed via X that "A suspected Galaxy Digital address invested $16.41 million in Peanut the Squirrel (PNUT), AI16Z, and AI League Complex (ARC) over the past three months" and added that "it is currently recording an estimated loss of $8.49 million."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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