This week, Mantra ($OM) has become the talk of the cryptocurrency world, emerging as the top-trending asset on CoinGecko.
The coin has experienced an explosive 169% surge in November, attracting the attention of investors and traders alike.
One of the biggest beneficiaries of this price increase appears to be Manifold Trading, which stands to make substantial profits. A single $OM coin has yielded a staggering $27.87 million in profit. This impressive gain highlights
the potential of this asset in today’s volatile market.Additionally, an associated wallet address of Manifold Trading, 0x325…EE78f, made a notable move two hours ago, transferring 2.24 million $OM tokens to Binance. These tokens were purchased earlier this year in January at an average price of $0.0623. Given the current market price of $3.84 per token, the potential profit from this transaction alone stands at $8.48 million.
But that’s not all—Manifold Trading has also sold an additional 4.44 million $OM tokens through a separate address, bringing the total profit from these transactions to an impressive $12.71 million. The rapid rise in $OM’s price has allowed these early investors to capitalize on a highly profitable opportunity.
As $OM continues to trend, it’s clear that Manifold Trading’s savvy moves are paying off, positioning them as one of the biggest winners in the cryptocurrency space this month.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Image Source: maximusnd/123RF // Image Effects by Colorcinch
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