The price of Notcoin (NOT) has surged by more than 400% in the past week. A whale investor has made a profit of approximately $862,000 from unrealized gains on NOT. Before the launch of NOT, the investor spent 50,550 tons (equivalent to approximately $278,000) to purchase 46.4 billion wNOT. Each 1,000 wNOT can be exchanged for 1 NOT. On May 21, the investor exchanged all 46.4 billion wNOT for 46.4 million NOT and has held on to it ever since, making a profit of approximately $862,000.
The sudden surge in the price of NOT has attracted a lot of attention from the cryptocurrency community. The whale investor's strategy of holding NOT coins has proven to be quite profitable. The investor decided to convert all wNOT into NOT before the price surge, which resulted in a significant gain. This case highlights the potential profitability of investing in cryptocurrencies, especially during periods of price volatility. However, it also highlights the risks associated with such investments, as the value of cryptocurrencies can fluctuate dramatically in a short period of time.