With the return of bulls to the cryptocurrency market, meme coins are having exciting days. As PEPE and WIF Coin winds die down, others are stepping in. Meme coin FOXY rallied over 40 percent following announcements from major crypto exchanges. Meanwhile, one smart investor made millions in profits amid the meteoric rise of the meme coin price.
KuCoin and OKX gave list news to FOXY!
Leading crypto exchange KuCoin announced that it has listed the world premiere of FOXY on its platform. The exchange’s approval marks a significant milestone for FOXY. It also provides a gateway for investors to access this emerging meme coin. Meanwhile, according to the announcement, trading in KuCoin started on April 12 at 11 a.m. ET. Withdrawal transactions will begin on April 13 at 13:00 CET.
In addition, cryptokoin.com As we reported, OKX is adding fuel to the fire by announcing plans to offer perpetual futures for FOXY alongside margin trading and Simple Earn options. Perpetual futures listing for FOXY began on April 12, OKX announced. FOXY margin trading and Simple Earn will follow on April 15.
Meanwhile, KuCoin’s announcement underlines FOXY’s confidence in its potential. Additionally, it increases the meme coin’s visibility and liquidity in global markets. Similarly, OKX’s strategic move not only improves FOXY’s trading avenues but also paves the way for derivative trading that appeals to a variety of investor preferences.
Meme coin price rises upon announcement by major exchanges
The new meme coin in town, FOXY, has stirred up the crypto world as its price soared by more than 40%. Meanwhile, this meteoric rise comes on the heels of major listing announcements from leading exchanges. This sparked excitement among investors and enthusiasts alike. Additionally, the recent surge, especially amid a decline in the overall meme cryptocurrency market, suggests that whales are shifting their focus towards the new meme coin.
Meanwhile, FOXY traded at $0.02045, up 42.35% on the day following the news. The transaction volume of Meme coin was around 103 million dollars. However, with subsequent profit taking, the meme coin lost ground. Thus, he gave back a significant portion of his earnings.
Whale seized the opportunity amid the price increase!
As FOXY’s price rally captivates the market, savvy investors are seizing the moment to capitalize on the momentum. One notable example shows a clever maneuver by a whale who took advantage of the volatility to scoop up FOXY’s significant holdings. Having made a significant initial investment, the whale reaps significant profits as FOXY’s value skyrockets, highlighting the lucrative opportunities inherent in the meme-coin enthusiasm.
The recent rise in FOXY price has proven lucrative for the whale investor. Smart money investors spent 330 ETH to purchase 117 million FOXY tokens worth $1.16 million during the initial launch. Thus, the investor only had a cost of $0.009893 per token. However, the investor now has a variable profit of $1.73 million.
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