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A certain on-chain whale built a position of approximately 2.4 million GEN.
BlockBeats news, on July 16, according to GMGN data, a certain ai16z, ARC whale built a position of about 2.4 million GEN, and this whale previously made over 1.9 million USD profit in ai16z. The market capitalization of GEN token surpassed 15 million USD, rising over 12% in 24 hours, with a trading volume of 1.1 million USD in 24 hours. BlockBeats reminds users that meme coins often lack practical use cases and have significant price fluctuations, so investments should be made with caution.