Crypto Whale Nets $44.3M Profit as FLOKI Surges 50%

In this upbeat market, driven by Bitcoin’s new all-time high, meme coins are on a continuous rise. Amidst this, a savvy whale address, 0xf63, reportedly earned millions from the Floki (FLOKI) meme coin.

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According to on-chain analytics firm SpotOnChain’s post on X (formerly Twitter) on March 9, 2024, the smart whale address 0xf63 deposited 200.9 billion $FLOKI, valued at around $50.3 million, onto Gate.io. This move resulted in a whopping $44.3 million profit for the whale, marking an impressive 731% gain in just 1.5 months.

Whale’s Lucrative Portfolio: FLOKI Profits and Holdings in SHIB and BIGTIME

Currently, the whale holds a substantial amount of 1.24 trillion SHIB, valued at approximately $24.1 million, along with $11.4 million worth of BIGTIME, totaling around $5.82 million. With total unrealized profits amounting to $34.5 million, the whale’s portfolio encompasses investments in SHIB, BIGTIME, BNB, and ETH, totaling nearly $50 million.

The significant profit from FLOKI follows a recent surge in its price over the last 24 hours, with FLOKI trading near $0.0002624. Within this timeframe, FLOKI experienced a remarkable price surge of over 52%. Moreover, over a longer period, FLOKI witnessed a surge of over 170% in the last 7 days, providing holders with a notable return of around 815% over the last 30 days, equivalent to an 8X increase.