A trader transformed $38,700 into $6.27 million by holding the MANTRA (OM) token for 18 months, as highlighted by analysts at Lookonchain.
After holding $OM for nearly 18 months, this trader turned $38.7K into $6.27M, a 161x return!
On June 6, 2023, this trader withdrew 1.49M $OM($38.7K) from #Binance, when the price was only $0.026.
In the past 5 hours, he deposited 600K $OM($2.53M) to #Binance to take profits,… pic.twitter.com/E1Ihk6DQpf
— Lookonchain (@lookonchain) November 18, 2024
On June 6, 2023, this trader withdrew 1.49 million OM ($38,700) from Binance when the asset was priced at $0.026.
On November 18, 2024, within a few hours, he deposited 600,000 OM ($2.53 million) back to Binance to secure a 161-fold profit. The user retained 889,000 OM ($3.74 million).
Over the past day, the asset’s price surged by 24%, trading at $4.28 at the time of writing, according to CoinGecko.
Earlier, on November 14, whales profited millions from a surge in the meme coin PEPE.