Altcoin Investor Who Made Millions Doesn't Sell: Is It Greed or Does He Know Something?

Cryptocurrency whale earned millions of dollars thanks to 2 different meme coin investments.

According to data transmitted by the on-chain analysis platform Lookonchain, a cryptocurrency whale earned millions of dollars in 2 months thanks to the investment of Floki (FLOKI) and MAGA (MAGA).

This investor named Theunipcs.eth has spent 863 thousand dollars to buy 4.56 billion FLOKI since April 8. FLOKI investment has currently reached $1.1 million.

On the same dates, he spent 57 thousand dollars to buy 6.27 billion MAGA. MAGA investment has recently reached a valuation of $3.48 million, revealing a jaw-dropping gain.

This investor has not yet sold either his FLOKI assets or his MAGA assets. He has a profit of $3.4 million from MAGA and $245 thousand from FLOKI.

The fact that the investor did not sell despite not making a profit of approximately 3.5 million dollars was interpreted as greed by some segments of the market.

On the other hand, the ongoing rise in MAGA in parallel with the US presidential elections and the market's trust in the well-established meme coin FLOKI may also offer more profit to investors in the coming period.