According to data analyst @ai_9684xtpa, as reported by Jinse Finance, the second address on the arc leaderboard spent another $1.495 million to increase their holdings of arc in the past 9 hours. They currently hold 17.2 million arc tokens, with a cumulative loss of $1.02 million. The address began building their position on December 26th of last year, buying the token in three batches at an average cost of $0.3153 per token (now priced at $0.2417). In addition, the address also holds $5.75 million worth of ai16z, with the latest round of purchases resulting in a loss of $4.15 million.