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.
A cryptocurrency whale has made a massive profit on a new token.
The whale bought 10.4 million Ghiblification (GHIBLI) tokens on the decentralized exchange Meteora for only $1,140.
The whale has not sold any of the tokens yet and stands to profit by $224,000 at the time of writing.
The whale also contributed 7.28 million of its GHIBLI to liquidity pools on the exchange and has earned an undisclosed amount in transaction fees.
The GHIBLI token, which was launched as a memecoin on the Solana blockchain, began gaining attention after the term “Ghibli” began trending.
This was also around the time that a new version of ChatGPT was released, which is 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, which is a pre-listing pool for altcoins that are yet to be officially listed.
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