A crypto whale has just locked in a $20.4 million loss after investing $23 million into AI agent tokens on Base, only to exit with $2.58 million left 👉 an 88.77% drawdown. This ranks among the most brutal single trading lossesseen recently.
Shocking breakdown:
FAI: $9.87M (–92.31%)
AIXBT: $7.81M (–83.74%)
POLY: 98.63%
NFTXBT: 99.13% (nearly wiped out)
Wallet now holds just ~$3.5K in leftover assets
📉 Is the AI token bubble bursting?
Base became a hotspot for AI crypto launches, but hype has far outpaced real products. Many projects lack real world utility, have thin liquidity, and collapse fast when sentiment flips. The broader AI token sector is already down ~77% in early 2025.
⚠️ Hard lessons from this trade:
All-in on one narrative = systemic risk
No risk management or stop-loss = rapid wipeout
Hype cannot replace real fundamentals
👉 Bottom line: The market is now demanding results, not promises. AI tokens without real products may still face much deeper pain.
