PANews reported on October 16th that, according to on-chain analyst @ai_9684xtpa, a "whale" heavily invested in Chinese memes at the peak of their trading volume has suffered a paper loss of $3.167 million. After eight days of holding, their cumulative investment of $5.601 million has shrunk by 56.5%, including a $2.32 million paper loss on Binance. Hakimi was the only holding that remained above water; with the exception of GIGGEL, all other six meme holdings remained unchanged.