The Giant Whale in Memecoin, which has risen by 700 percent in the last month, moved all its assets to the stock market: “It will make a profit of 44 million dollars”

A well-known investor known as “Whale 0xf63” has sold all of his FLOKI assets worth 200.84 billion tokens ($51.82 million). cryptocurrency It was reported that he deposited it to the exchange Gate.io. The transaction was made at a price of $0.0002504 per FLOKI token.

At the time of writing this article, FLOKI price is trading at $0.0002535.

Interestingly, this investor had withdrawn these FLOKI tokens from Gate.io and Binance on January 18, 2024 at a much lower price of $0.00003013 (estimated cost: $6.05 million). If the whale is indeed selling now, it will make an estimated profit of $44.25 million from FLOKI in about two months, a staggering 731% increase.

Despite this large FLOKI transaction, the whale’s portfolio remains strong. It currently holds 1.24 trillion SHIB tokens ($45.1 million) and 11.4 million BIGTIME tokens ($5.82 million). The total unrealized profit from both of these tokens is $34.5 million.

FLOKI price has recorded a significant increase, increasing by 42.01% in the last 24 hours.

*This is not investment advice.