A savvy investor has turned an initial $378,000 investment into a staggering $35.2 million in under a year, achieving one of the most impressive returns in recent memory.
Without trading #memecoins, the whale turned $378K into $35.2M in just 11 months, a massive profit!
The whale(related to #ManifoldTrading) accumulated 9.33M $OM($378K) at $0.04 11 months ago and deposited 4M $OM($15.32M) to #Binance 4 hours ago, leaving 5.33M $OM($19.86M). pic.twitter.com/kCB9050OCa
— Crypto News (CoinGape) (@CoinGapeMedia) November 21, 2024
The address, linked to quantitative investment firm Manifold Trading, deposited OM tokens worth $15.32 million into Binance just six hours ago. If sold, the move would yield a profit of $15.16 million, reflecting an astonishing return rate of 9,353%.
This success stems from a calculated position the address opened on December 25, 2023. At the time, the investor acquired 9.32 million OM tokens at an average price of $0.04 per token. Fast forward to today, and the price has skyrocketed to an average of $3.83 for the deposited tokens, marking a massive gain.
量化投资公司 Manifold Trading 关联地址于六小时前向 #Binance 充值价值 1532 万美金的 OM，若卖出将获利 1516 万美金，回报率高达 9353%😲
该地址在 2023.12.25 以均价 $0.04 建仓了 932 万枚 OM，而本次充值的均价高达 $3.83！该地址仍持有 520 万枚 OM，已在八个月前转移至一新地址
出货地址… pic.twitter.com/J75rINw3qj
— Ai 姨 (@ai_9684xtpa) November 21, 2024
Whale Address Still Holds Over 5 Million OM Tokens
Interestingly, the address still holds 5.2 million OM tokens, which were transferred to a separate wallet eight months ago. This suggests the whale is positioning for continued growth or diversification of holdings while capitalizing on the current market surge.
The story underscores the potential of strategic investment in the cryptocurrency space, particularly with tokens like OM experiencing exponential growth. It also highlights the role of quantitative trading firms like Manifold Trading, which leverage data-driven strategies to maximize returns.
With such a remarkable profit margin in less than a year, this case sets a benchmark for smart crypto investing and reinforces the appeal of high-risk, high-reward strategies in the volatile digital asset market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: marketlan/123RF // Image Effects by Colorcinch