FOXY, a new meme coin, has caused a stir in the crypto community with a 30% surge in price on April 13. This sudden increase follows significant listing announcements from top exchanges, sparking enthusiasm among investors. The rise, amid a downturn in the meme coin sector as well as in the broader crypto market, indicates a shift in attention from whales toward the FOXY meme coin.
The leading crypto exchange, KuCoin, announced the world premiere listing of FOXY on its platform. Notably, the exchange’s endorsement marks a significant milestone for FOXY, offering traders a gateway to access this burgeoning meme token. Meanwhile, the announcement showed that trading on KuCoin will commence on April 12 at 8:00 (UTC), while withdrawal will be live from April 13, at 10:00.
In addition, OKX adds fuel to the fire by unveiling plans to introduce perpetual futures for FOXY, along with margin trading and Simple Earn options. According to OKX’s announcement, the listing of perpetual futures for FOXY crypto is set to commence on April 12, 2024. FOXY margin trading and Simple Earn will follow on April 15, 2024.
Meanwhile, KuCoin’s proclamation underscores its confidence in FOXY’s potential, amplifying the meme coin’s visibility and liquidity across global markets. Similarly, OKX’s strategic move not only enhances FOXY’s trading avenues but also paves the way for derivative trading, catering to diverse investor preferences.
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As FOXY’s price rally captivates the market, savvy investors seize the moment to capitalize on the momentum. One notable instance highlights a whale’s astute maneuver, leveraging the surge to amass significant holdings of FOXY. With substantial initial investment, the whale reaps substantial profits as FOXY’s value skyrockets, showcasing the lucrative opportunities inherent in meme-coin fervor.
In other words, the recent surge in the FOXY price has proven lucrative for a whale investor, as disclosed in an update. The smart money investors have spent 330 ETH to acquire 117 million FOXY tokens during the initial launch, valued at $1.16 million. With the purchase cost at just $0.009893 per token, the investor now boasts a floating profit of $1.73 million.
However, despite the substantial gains, the tokens have yet to be transferred or sold, indicating a bullish sentiment surrounding FOXY and the potential for further profit accumulation. As of press time, FOXY was still bullish trading at $0.01881, with the price up 30% over the last 24 hours. Concurrently, the one-day trading volume and market capitalization soared to $224.66 million and $56.54 million, respectively.
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