Trader Based16z Cuts $200K VVV Long, Keeps $2.2M Position

Trader Based16z reduced 7,650 VVV long positions worth about $200,000, while continuing to hold 83,290 VVV long positions valued at approximately $2.2 million. The trader’s realized and unrealized profits exceeded $600,000 in less than 24 hours, on-chain data showed.