RWA Public Chain MANTRA's $OM Token Surges 205% in a Week, Generating Millions in Profits for Early Investors
- Patricia ArquetteOriginal
- 2024-11-20 11:16:42282browse
In a significant move over the past hour, address 0x06b…91A60 deposited 4.9 million $OM tokens, valued at $20.61 million, into FalconX.
A cryptocurrency trader who purchased 1.49 million MANTRA $OM tokens from Binance in June 2023 for just $38,700 has seen their investment multiply by 161x.
The trader, whose transactions are being tracked by the blockchain analysis firm Lookonchain, withdrew the tokens from Binance when they were priced at $0.026 each.
Now, with $OM trading at $2.53, the trader's tokens are collectively valued at $6.27 million.
In the last five hours alone, the trader deposited 600,000 $OM, valued at $2.53 million, back into Binance to secure profits. They still hold 889,000 $OM, valued at $3.74 million.
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
The trader's remarkable gains highlight the potential for those who are able to identify and capitalize on emerging crypto trends.
MANTRA, a public chain for real-world assets (RWAs), has seen its $OM token price increase by 205% over the past week.
The project announced on November 8 that it will be airdropping $OM tokens to those who inquire and follow the instructions provided.
This announcement, coupled with the recent RWA integration by Binance, has contributed to the surging demand for $OM tokens.
As reported by The Crypto Basic, address 0x06b…91A60 has received a total of 20.77 million $OM tokens from three other addresses over the past nine months.
The funds, originating from the Mantra DAO treasury, were transferred when $OM was priced at $0.8321.
The trader still retains $16.36 million worth of $OM tokens, setting them up for further gains as the token continues to appreciate in value.
The rapid appreciation of $OM’s price showcases the growing potential of MANTRA’s ecosystem and the lucrative opportunities for those who time their investments wisely.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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