Enormous Leviathan Transfers Its Memecoins to the Market: “A Staggering $44 Million Profit”
A renowned investor, dubbed “Whale 0xf63,” has recently relocated all of their FLOKI holdings, totaling a whopping 200.84 billion tokens ($51.82 million), to the cryptocurrency exchange Gate.io. This transaction occurred at a price of $0.0002504 per FLOKI token.
Currently, the FLOKI price stands at $0.0002535 as of writing this article.
What makes this move intriguing is that the investor had initially withdrawn these FLOKI tokens from Gate.io and Binance back on January 18, 2024, at a significantly lower cost of $0.00003013 (estimated expense: $6.05 million). Should the whale indeed sell off now, the projected profit from FLOKI within a mere two-month timeframe would amount to a staggering $44.25 million, indicating an extraordinary 731% surge.
Despite this substantial FLOKI transaction, the investor’s portfolio remains robust, currently encompassing 1.24 trillion SHIB tokens ($45.1 million) and 11.4 million BIGTIME tokens ($5.82 million). Consequently, the unrealized profit from both of these tokens totals an impressive $34.5 million.
Notably, FLOKI’s price has experienced a significant surge, escalating by a remarkable 42.01% in the past 24 hours.
*Please note that this does not constitute investment advice.