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- FLOKI, one of the most popular memecoin projects in the market, has provided a patient investor with a 10x return.
- According to CoinGecko data, FLOKI has gained 14.7% daily and 42% weekly, reaching a market value of $2.9 billion.
- Floki emerged as a memecoin after Elon Musk tweeted in June 2021 that “My Shiba Inu will be named Floki.”
Floki Investor Sees Massive Return As Memecoin Skyrockets
Trader Makes Strategic Move with 3.72 Billion FLOKI Tokens
A trader on Gate.io withdrew approximately $102,000 worth of 3.72 billion FLOKI tokens on February 6, according to blockchain analysis platform Spot On Chain. With a total supply of 10 trillion, Floki has been gaining momentum in the market.
Strategic Investment Pays Off As Investor Prepares to Cash In
After holding onto the tokens for three months without selling, the investor transferred them back to Gate.io this week as the price surged. If sold, the investor could potentially earn around $1.3 million, resulting in a profit of $929,000.
Conclusion
With Floki’s impressive performance and strategic investment moves, this memecoin continues to attract attention in the volatile crypto market. Investors are keeping a close eye on its movements as it presents lucrative opportunities for those who are patient and strategic in their approach.
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