The post Patient Whale waited for this Altcoin: Sold Today for a Profit of $76 Million – Price Rises Despite the Sale appeared on BitcoinEthereumNews.com.

A major crypto whale appears to have been rewarded for his patience after a long wait for an altcoin, according to crypto onchain data. According to the data, the crypto whale in question invested $4.82 million in the MANTRA (OM) altcoin between March 1 and March 6 of last year, purchasing 10.71 million OM tokens. According to the latest information, this OM whale moved all of its assets to the deposit address of the cryptocurrency exchange Binance today and probably sold it, although it is not certain. Interestingly, the amount of money this giant whale made from the sale of OM tokens was $80.88 million. So, according to the data, the cryptocurrency whale made a profit of about $76 million from OM trading. The whale probably took advantage of today’s bullish wave for the sale it made a short time ago. The OM price gained 35% in value with the rally it experienced tonight. Coinmarketcap chart showing today’s rise in OM price. During the period when the whale purchased the OM tokens, the OM price was around $0.3 on average, while at the time of writing this article it is trading at $7.57. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/patient-whale-waited-for-this-altcoin-sold-today-for-a-profit-of-76-million-price-rises-despite-the-sale/

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Filed under: News - @ February 15, 2025 2:16 pm