Whales build warehouses for approximately 2.4 million GEN on a certain chain

According to BlockBeats, on July 16th, according to GMGN data, a certain AI16Z and ARC whale built a position of about 2.4 million GEN, and the whale had previously made profits of over 1.9 million US dollars on AI16Z. The market value of GEN token has exceeded 15 million US dollars, with a 24-hour increase of over 12% and a 24-hour trading volume of 1.1 million US dollars. BlockBeats reminds users that many Meme coins have no practical use cases and their prices fluctuate greatly. Investors should be cautious.