On Sept. 13, BlockBeats reported that trader Point Farm Capital (@pointfarmcap) was sitting on an unrealized profit of $10 million from its STONK position, citing on-chain analyst Ember. The monitoring data said the trader had deployed a cumulative 1 million USDC to buy 37.21 million STONK at an average market capitalization of about $21 million. After STONK’s market capitalization climbed to $240 million, the position’s return reached roughly 10x. The figures reflect an on-chain snapshot of the wallet’s current paper gains rather than realized profit.
BlockBeats reported on Sept. 13 that trader Point Farm Capital (@pointfarmcap) had recorded $10 million in unrealized profit from STONK, according to monitoring by on-chain analyst Ember.
The data showed that the trader cumulatively invested 1 million USDC to purchase 37.21 million STONK at an average market capitalization of about $21 million. With STONK’s market capitalization rising to $240 million, the return on the position had reached about 10x.
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