#A large wallet investor has spent $863,000 to buy FLOKI and MAGA, since April 8.
In less than two months, the investor has gained over $3.5 million in unrealized profits, as FLOKI and MAGA prices rally.
FLOKI and MAGA have both noted an increase in active addresses and social dominance.
Crypto intelligence tracker Lookonchain identified a large wallet investor who has accumulated FLOKI (FLOKI) and MAGA TRUMP (MAGA) tokens, in exchange for Ether, since April 8. The tracker identified the wallet’s purchases and noted an unrealized gain of over $3.5 million, as the assets rallied.
Meme coins have consistently rallied in the past few weeks, likely a result of capital rotation from Bitcoin and Ethereum or rising demand among market participants.
FLOKI and MAGA prices rally amidst bullish on-chain metrics
Lookonchain tracked a wallet theunipcs.eth and noted that the investor spent 276.4 Ether ($863K) to buy 4.56 billion FLOKI (currently worth $1.1 million) and 18.45 Ether ($57K) to buy 6.27 billion MAGA (currently worth $3.48 million), since April 8. Since the investor’s purchase, they are sitting on unrealized gains of $3.4 million on MAGA and $245,000 on FLOKI holdings, per the tracker.
