According to Odaily, the price of Notcoin (NOT) has surged by over 400% in the past week. A certain whale investor has made a profit of approximately $862,000 due to NOT's unrealized gains. Before NOT was launched, the investor spent 50,550 TONs, equivalent to about $278,000, to purchase 46.4 billion wNOT. Every 1,000 wNOT could be exchanged for 1 NOT. On May 21, the investor converted all 46.4 billion wNOT into 46.4 million NOT and has held onto them ever since, earning a profit of around $862,000.
The sudden surge in NOT's price has attracted significant attention from the cryptocurrency community. The whale investor's strategy of holding onto the NOT coins has proven to be highly profitable. The investor's decision to convert all wNOT into NOT before the price surge has resulted in substantial gains. This case highlights the potential profitability of investing in cryptocurrencies, especially during periods of price volatility. However, it also underscores the risks associated with such investments, as the value of cryptocurrencies can fluctuate wildly in a short period.