A crypto whale linked to Manifold Trading has reportedly turned a $378K investment into a huge profit of $35.2 million. He has gained this huge profit in just 11 months by accumulating memecoins instead of trading. The Whale strategically focused on accumulating and holding $OM tokens without trading memecoins, which has resulted in one of the most impressive profits seen this year in the crypto market. Lookonchain, a blockchain analytics platform, has revealed the details of the strategic accumulation of the whale through its X account.
Crypto Whale Nets Massive Return by $OM Strategy
The crypto whale purchased 9.33 million $OM tokens 11 months ago at the average price of $0.04 by spending $378K. The whale realized that holding its investment as $OM benefitted him as the $OM surged, and the portfolio of the whale grew exponentially.
The Whale deposited 4 million $OM tokens, valued at $15.32 million, on Binance four hours ago. This move has captured the attention of the trading community. Meanwhile, the crypto whale retained 5.33 million $OM tokens in its wallet. These tokens are currently worth $19.86 million at today’s prices.
This strategic approach showcases the potential rewards of patience and timing in the volatile cryptocurrency world. The whale’s disciplined accumulation and holding of $OM have paid off spectacularly. This strategy has proved that focused investments can lead to unparalleled returns.
$OM Token Emerges as a Rising Star in the Crypto Market
With the crypto whale’s success, the $OM token is spotlighted. The traders are now eying it as a promising asset. This remarkable rise of the token highlights the importance of identifying and holding the underlying tokens that can gain attraction unexpectedly.
The story of this crypto whale is a reminder and opportunity for those willing to take calculated risks and learn to remain patient. The $OM token is now gaining attraction and attention as a rising star in the crypto world.
Source: https://blockchainreporter.net/a-crypto-whale-outplayed-the-market-by-gaining-huge-profit-on-memecoins/