Mega Whale Makes Waves: $15.41M Worth of OM Hits Binance with a 90x Profit Margin
6-Hour Snapshot:
A high-profile whale, linked to wallet 0xd503fca5bdfe931a82a854a5a34b43369350105c, has just deposited a staggering 4M OM (valued at $15.41M) to Binance at a price of $3.853.
Backstory:
This savvy whale initially accumulated 9.326M OM at an average price of just $0.04233 (total cost: approximately $395K) during December 25-26, 2023. The tokens were withdrawn from Binance via wallet 0x54a7e7968ba9e5d8e05c1c4c9d8bf0b17e4d5fa6.
Profit Analysis:
Total profit stands at a whopping $35.52M, reflecting an impressive 90x return on the original investment.The whale still retains 5.326M OM (valued at $20.56M) across two wallets:5.203M OM (~$20.082M) in 0xe17d116ade94e8f3f3219b6fa228f9dfcce97bc1.123K OM (~$476K) in the unloading wallet 0xd503fca5bdfe931a82a854a5a34b43369350105c.
Key Question:
Is this deposit the precursor to a broader sell-off, or is the whale strategically testing the market?