Smart Money Purchases 117 Million FOXY Tokens on Linea Network

According to PANews, a blockchain data analyst identified a significant transaction on the Linea network. The transaction involved the purchase of 117 million FOXY tokens, a meme token on the Linea network, by an entity referred to as 'smart money'. The purchase was made immediately after the token was listed, with the buyer spending 330 ETH, equivalent to $1.16 million. The cost per token was only $0.009893. The value of these tokens has since increased, resulting in a floating profit of $1.73 million for the buyer. As of the time of reporting, there has been no transfer or sale of these tokens.