FOXY Price Rallies 40% After Major Listing Announcements

The new meme coin in town, FOXY has set the crypto world abuzz as its Foxy price soared more than 40% on April 12. Meanwhile, this meteoric rise comes hot on the heels of pivotal listing announcements from prominent exchanges, igniting excitement among investors and enthusiasts alike. Also, the recent surge, especially amid a dip in the overall meme coin sector, suggests that the whales are shifting their focus toward the new meme coin.

FOXY Price Rallies On Major Exchanges’ Announcement

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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Whale Seizes Opportunity Amid Price Surge

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. Meanwhile, as of writing, the FOXY price was up 42.35% and traded at $0.02045, while its trading volume was around $86.57 million over the last 24 hours.

Also Read: Bitcoin Price Poised for Long-Term Stability at $70K, Here’s Why

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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