On February 16, according to OnchainLens monitoring data, a major investor deposited a total of 732,481 Base-chain AI tokens (VVV) worth up to $3.03 million into Coinbase within 24 hours, realizing a paper profit of $1.77 million.
Successful Long-Term Staking Strategy
Tracking data shows the whale initially withdrew 763,725 VVV tokens from Coinbase with a total value of $1.56 million. It then proceeded to stake these tokens for six months before choosing to sell at recent market highs, successfully locking in substantial gains.
- Initial cost basis: $1.56 million
- Staking period: 6 months
- Final realized value: $3.03 million
Impressive Market Performance
Notably, the Base-chain AI token VVV has performed strongly recently, with its market capitalization surpassing $530 million to hit a recent high. Its 24-hour trading volume reached $26.6 million, indicating a continuous rise in market activity.
Investment Risk Advisory
Investors should be reminded that many current Meme coins lack practical use cases and are subject to extreme price volatility. It is recommended that investors maintain rational judgment and properly manage their risk exposure.