A smart Floki (FLOKI) investor makes a substantial unrealized profit as the project launches its highly anticipated trading bot beta. The recent developments have triggered a bullish run for this meme coin, with analysts anticipating further highs.
Smart Investor Unstakes and Deposits 3.72B FLOKI for 10x Profit
According to a tweet by The Data Nerd, a smart money address (0x89b) unstaked and deposited 3.72 billion FLOKI tokens, worth approximately $1.03 million, to the Gate exchange.
The investor had accumulated these tokens four months ago for just $101,000 on the same exchange. If the investor sells all the tokens at the current price, they stand to realize a profit of $900,000, representing an impressive return on investment (ROI) of 10 times their initial investment.
Floki Trading Bot Closed Beta Mainnet Launch
In an exciting announcement, the Floki team has launched the closed beta of their innovative multi-chain Telegram on-chain trading bot on the mainnets of the Ethereum, BNB, and Base blockchains. The Floki Trading Bot aims to change the way users trade cryptocurrencies by providing a seamless and efficient trading experience across different chains with just a few taps.
The closed beta is initially open to 150 users on a first-come, first-served basis. The bot charges a 1% fee on every trade, with 50% of the fee used to buy and burn FLOKI tokens, while the remaining 50% goes to the Floki Treasury. This mechanism is designed to enhance the utility of the FLOKI token and accelerate its deflation.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
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The closed beta will run for two weeks, allowing the Floki team to identify and fix any early bugs, collect user feedback, and validate market assumptions.
Technical Analysis Suggests Strong Potential for FLOKI
Analyst Mammon has expressed a bullish outlook on FLOKI, stating that the cryptocurrency continues to look very strong and that it seems like a matter of time before new highs are reached.
The analyst notes that FLOKI has pushed above the mid-range and appears to be forming a bull flag pattern with strong 4-hour buybacks. Mammon suggests that any dips present buying opportunities as long as the start of the impulse holds.
Read more: Crypto Analyst Shares Altcoins Other Than Solana (SOL) That Could Build Generational Wealth: Render (RNDR) and Kaspa (KAS) Rank Top
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The post How a Meme Coin Investor Made a 10x Profit With FLOKI as the Team Makes a Major Announcement appeared first on CaptainAltcoin.
