Artificial Inu whale Salem Dumps Last 20M AI for 460.9 ETH
The Artificial Inu whale known as Salem sold his last 20.06 million AI tokens for 460.9 ETH on Robinhood Chain, and the memecoin is down about a third this week.
Early story. Some claims here are not officially confirmed yet. We update this post as it confirms.
- Lookonchain flagged the sale: all 20.06 million AI for 460.9 ETH in one transaction, with total profit on the position estimated at about $2.9 million.
- Base Camp puts the sale at 22:56 UTC on October 23 and says AI fell about 18% within the hour.
- Profit estimates differ: another on-chain tally cited by Base Camp puts the full trade nearer $2.14 million.
in this block
The Artificial Inu whale is officially out. A trader known on X as Salem sold his last 20.06 million AI tokens in a single transaction on Robinhood Chain late on October 23, got back 460.9 ETH, roughly $1.1 million, and knocked the memecoin down hard in the process. By our CoinGecko check at 06:04 UTC on October 25, AI traded near $0.0535, down about 11% in 24 hours and 34% over the week.
What actually happened
Artificial Inu is a dog memecoin with a twist. Instead of pairing only with ETH or dollars, it trades against tokenized NVIDIA stock on Long.xyz, a launchpad on Robinhood Chain that matches memecoins with stock tokens. That AI/NVDA pool is the story's backdrop, and if the format sounds familiar, our Moolah NVDA pair piece covered the same launchpad idea.
According to Base Camp, the seller's wallet bought its first AI on July 15, one day after the AI/NVDA pool opened, and kept adding through the summer. Arkham flagged the wallet in early September, when it still held about 2.5% of supply. When AI hit its peak near $0.388 on September 17, the wallet sold 6.1 million tokens within an hour for about $2.03 million.
Then it sat through a long slide. On Friday night, October 23, it dumped the remaining 20,062,560 AI in one go. Lookonchain reported the sale as 460.9 ETH, about $1.1 million, and estimated the trader's total profit on AI at roughly $2.9 million. Base Camp, citing on-chain analyst EmberCN, tallied about $980,000 in and $3.12 million out, which works out closer to $2.14 million. Either way, the Artificial Inu whale now holds zero AI.
Why one sale hit so hard
Liquidity is the short answer. Base Camp counted about 30 AI pools on Robinhood Chain with roughly $4.7 million of liquidity combined. Pushing more than $1 million of sell pressure into that is like draining a big chunk of the tank at once.
A router split the order across more than a dozen pools, including AI/WETH, AI/USDG and AI/NVDA. It still hurt. Base Camp says AI went from about $0.0749 before the sale to a $0.0617 hourly close on the main AI/WETH pool, with a brief wick far lower before arbitrage traders filled the gap.
A 2.5% holder walking out is not just a sale. It is a signal, and everyone who saw it had to decide whether to be the last one left.
The follow-through selling is what pushed the weekly loss past 30%. At our DexScreener check at 06:04 UTC, the AI/NVDA pool still held about $2.35 million of liquidity, the deepest single pool for the token.
What holds AI up now
Not as much as the narrative suggests. The project says every trade sends a cut to a community vault of NVDA stock tokens, and Base Camp reported about $387,000 in that vault plus around $1 million more of NVDA sitting in liquidity pools. That is real, but AI holders have no claim on it. The stock is a story, not a floor.
The broader Robinhood Chain meme scene is also cooling. Our Robinhood Chain meme losses piece laid out how fast these pools drained in earlier waves, and a whale exit like this one fits that pattern.
CoinGecko lists AI's all-time high at about $0.3856 from September 17, which means the token is down roughly 86% from the top at our snapshot. Market cap sat near $53 million.
What to do as a reader
Check the numbers yourself. The wallet history is public, and Lookonchain's post links the address on DeBank. Compare it with CoinGecko's AI page before you trust any screenshot.
Watch the remaining big holders, not just the chart. Base Camp points to an early stake tied to the Long.xyz founder as the next wallet traders are watching. One more large exit could do to AI what the Artificial Inu whale just did.
Do not confuse a smart trader's exit with a buy signal. Salem made money because he bought early, sold part of the top and then cut the rest. Copying the last step tells you nothing about the next move. Memecoins on thin liquidity can drop 20% on a single order, so size small, use limit orders and never treat this as investment advice.
Sources: Lookonchain on the sale, Base Camp's breakdown of the whale exit and CoinGecko and DexScreener data pulled at 06:04 UTC on October 25.
Not financial advice. DYOR, ser.
