Wallet That Bought $377 of BONER Now Up 1,858x, Analyst Says

According to a ChainCatcher newsflash, on-chain analyst Ai Yi (@ai_9684xtpa) tracked a wallet address 0xa56…d7b5a that bought 11.73 million BONER tokens on August 21. The average entry price was $0.00003173, meaning the total cost was only $377.7. At that moment, BONER’s market capitalization stood at approximately $31,000. As of the latest data, BONER’s market cap has climbed to roughly $59 million. That puts the wallet’s unrealized profits above $695,000, a return exceeding 1,858 times the initial capital. ChainCatcher relayed the analyst’s monitoring data. The report notes that the same address, identified as 0xa56…d7b5a, is still holding the position. The increase in BONER’s market cap from about $31,000 to roughly $59 million is what drove the wallet’s unrealized gain. The wallet used only a small amount of capital to establish the position. The data was flagged by the analyst and then published by ChainCatcher. It was not disclosed whether any tokens had been sold. No other details were provided in the newsflash.