According to Foresight News, an on-chain analyst identified as @ai_9684xtpa has reported significant activity by a savvy investor following the launch of the Miggles token. The investor spent 2.6 ETH to purchase 19.13 million Miggles tokens. Subsequently, they sold a portion of these tokens, realizing a profit of approximately $279,000.

Despite selling part of their holdings, the investor still retains 4.64 million Miggles tokens, which currently have an unrealized profit of $283,000. This activity highlights the potential profitability of strategic investments in newly launched tokens.