Ansem, known by the handle @blknoiz06, sold his $AOL holdings just before WLFI's announcement, resulting in a $29,700 loss. Two days prior, he purchased 1.88 million $AOL tokens for approximately $75,000, at a cost of $0.03698 per token. However, WLFI's announcement did not mention $AOL among Solana ecosystem partners, causing the token's price to plummet over 50%.
Ansem managed to sell his $AOL holdings two and a half hours before the announcement at an average price of $0.021165, avoiding an additional potential loss of $20,000. The current price of $AOL stands at $0.01064.
Ansem Sells $AOL Before WLFI Announcement, Incurs $29,700 Loss
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