An on-chain whale spent $1.49 million purchasing STONK, with unrealized profits reaching $9.97 million.

According to monitoring by Arkham (@arkham), on-chain address @pointfarmcap has cumulatively invested $1.49 million across 1,896 buy transactions to build a position in STONK since early August this year, when the token’s market cap was just approximately $2.65 million. STONK’s market cap has since risen to $222 million, with the address’s holdings now valued at $9.97 million. Having cashed out only $916,000, the position reflects an unrealized profit exceeding 10x.