The second-ranked address on the ARC leaderboard has once again spent $1.495 million to increase its position in the past 9 hours, accumulating a floating loss of $1.02 million

According to on-chain data analyst @ai_9684xtpa, the second-ranked arc address has spent another $1.495 million in the past 9 hours to increase its holdings of arc, currently holding 17.2 million arcs, with a total floating loss of $1.02 million.

It is reported that this address started building positions from December 26 last year and bought tokens in three batches at an average cost of $0.3153 (current price $0.2417). In addition, this address also holds ai16z worth $5.75 million, with the latest round of position-building resulting in a floating loss of $4.15 million.