The rapid growth of the cryptocurrency market is always attractive to investors seeking to expand their financial fortune. While some crypto profits occur instantly, others could take weeks, months, or years, depending on an interplay of varied factors, including a trader’s skills. Today, a whale made a massive profit of $770,000 following his investment in a new meme coin, Cocoro (COCORO).
Whale Made $770K Profit in COCORO
Through the investor’s keenness, he spotted trending meme coins in the crypto market, including Cocoro. As per data shared by Onchain Lens today, the whale spent 378 Ethereum worth $811,000 to buy 18 million COCORO tokens at an average price of $0.045.
Due to remarkable price surge, these COCORO tokens currently worth $1.58 million, with unrealized profit of $770,000. The whale succeeded by identifying the opportunity early. He bought the relatively unknown token before it skyrockets in popularity.
If the whale can sell his holdings by this time, then he can retire with a whopping $770,000 just made within a day. While such tremendous gains are rare, they exist through a calculated approach. Several factors responsible for such a successful trade include the right timing, market observation, and appropriate trading skills.
Cocoro price updates
COCORO is a new meme coin that was launched yesterday, Friday, March 7, 2025. After creators deployed the meme coin on the Base blockchain, it hit $100 million in fully diluted valuation in less than an hour of its launch.
Despite its popularity, the token’s price is currently trading at $0.04274, after seeing a decline of 48.3% over the past 24 hours. Its trading volume also declined by 93%, indicating a drop in trading activity as early investors appear to have sold their tokens for profitability.
Intense market fluctuations, like in this case, are normally triggered by whales. The asset’s volatile movements show that over the past 24 hours, large investors offloaded millions worth of COCORO tokens, creating significant selling pressure. Despite such huge dumping, the token shows resilience, suggesting that while some investors opt to sell, others are taking advantage of the market dip to acquire more tokens.
