On October 18, COINOTAG reported significant activity from a prominent crypto investor, known as smart money (@theunipcs). This trader, having previously achieved a remarkable 60-fold return on investments in MAGA, has recently allocated 76.5 ETH, approximately $201,000, to bolster their position in FLOKI. Over the past six months, this investor has accumulated a substantial $2.11 million in FLOKI, reflecting a firm commitment, as no portion of this holding has been liquidated. This investment marks the largest position recorded for this address, with an average acquisition price of **$0.00017**. Currently, FLOKI trades at **$0.0001525**, showcasing an intriguing dynamic as investor confidence remains apparent despite market fluctuations. Such strategic maneuvers by seasoned investors highlight the ongoing interest and potential of FLOKI in the ever-evolving crypto landscape.
Source: https://en.coinotag.com/breakingnews/smart-money-increases-floki-positions-with-201000-investment-after-2-11-million-hoard/