Memecoins FLOKI, MAGA rally amidst bullish on-chain metrics

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Memecoins FLOKI, MAGA rally amidst bullish on-chain metrics
Cryptocurrencies
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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.

A large wallet investor has spent $863,000 to buy

prices rally. TRUMP 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.

, since April 8. Since the investor’s purchase, they are sitting on unrealized gains of $3.4 million on . In less than 2 months, he earned $3.4M on $

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