A notable cryptocurrency whale recently made a significant move by purchasing a massive quantity of the Ghiblification (GHIBLI) token just before its surge in popularity, reaping a substantial profit.
The whale acquired 10.4 million GHIBLI tokens for just $1,140 on the decentralized exchange Meteora, before the token gained traction.
Remarkably, the whale has not sold any of the tokens and, at the time of writing, stands to profit an impressive $224,000—almost 200 times the initial investment.
In addition to holding the tokens, the whale has also contributed 7.28 million of its GHIBLI holdings to liquidity pools on the exchange, earning an undisclosed amount in transaction fees.
The GHIBLI token, originally launched as a memecoin on the Solana blockchain, gained significant attention after the term “Ghibli” began trending, coinciding with the release of a new version of ChatGPT capable of transforming regular photos into Ghibli Studio-inspired artwork.
As the token continues to attract attention, Binance, the world’s largest cryptocurrency exchange, has added GHIBLI to its Binance Alpha, a pre-listing pool for altcoins yet to be officially listed.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/crypto-trader-scores-massive-profit-on-new-token/