According to recent on-chain reports, a notable transaction has been observed involving the address 0xaa5…583BC. This address deposited 3 million OM coins into Binance.
These tokens, accumulated over the past five months at an average price of $0.40, now hold a value of approximately $3.78 million at the transfer price of $1.26 per coin.
If all tokens are sold at this price, the estimated profit stands at $2.57 million, reflecting an impressive return rate of 214%. The price of OM has surged by nearly 92% over the past month, showcasing significant market momentum.
三小时前，地址 0xaa5…583BC 将过去五个月以均价 $0.4 建仓的 300 万枚 $OM 充值进了 #Binance，价值 378 万美金
转出价格为 $1.26，若全部卖出预计获利 257 万美金，回报率达 214%🤑 $OM 近一个月币价已暴涨近 92%📈
钱包地址 https://t.co/EW40o5kIkj pic.twitter.com/jVnNDsVH0A
— Ai 姨 (@ai_9684xtpa) July 24, 2024
In parallel to this trading activity, the MANTRA community has been demonstrating strong support for the project’s mission to bring finance on-chain. A staggering 267 million OM tokens are currently staked on the MANTRA platform.
267 Million OM Represents 32% Of Total Circulating Supply
This represents approximately 32% of the total circulating supply of OM, indicating robust participation and commitment from the community to bolster MANTRA’s financial ecosystem.
🔥 267,000,000 $OM staked on #MANTRA!
That's ~32% of the OM circulating supply, now staked by our community to strengthen MANTRA’s mission— Bringing Finance Onchain
👀 Get up to a 1.35x multiplier on your staked OM — based on staking time and amount of staked OM:… pic.twitter.com/rtPpQm2FfA
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 24, 2024
The dual trends of substantial trading profits and increased staking activity highlight the dynamic nature of the OM token’s market performance. The significant price appreciation and high staking rates suggest a strong belief in the long-term potential and value proposition of the MANTRA platform. As the community continues to stake a considerable portion of the circulating supply, the network’s stability and resilience are likely to be reinforced, further driving confidence among investors and stakeholders.
Overall, these developments underscore a vibrant period for the OM token and the MANTRA ecosystem, characterized by impressive financial gains and a dedicated community effort to strengthen the platform’s on-chain financial solutions.
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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