A cryptocurrency whale has made over $2.9 million in profits by staking the meme-inspired cryptocurrency $BONK at the right time, as the Solana-based token recently surged more than 50% in one day.
According to on-chain analytics service Lookonchain, a cryptocurrency whale accumulated 98 billion BONK tokens worth more than $1.5 million from leading cryptocurrency exchange Binance just before the cryptocurrency's price moved.
The whale holds a total of 319.44 BONK tokens worth over $7 million and has already accumulated around $2.9 million in unrealized profits.