According to Odaily, the price of Notcoin (NOT) increased by more than 400% last week. A certain whale investor made a profit of approximately $862,000 due to unrealized gains from NOT. Before NOT was launched, the investor spent 50,550 TONS, equivalent to about $278,000, to purchase 46.4 billion NOT. Every 1,000 NOT could be exchanged for 1 NO. On May 21, the investor converted the 46.4 billion NOT into 46.4 million NOT and has held it ever since, making a profit of around $862,000.
The sudden rise in NOT price has attracted a lot of attention from the cryptocurrency community. The whale investor's strategy of holding NOT coins has proven to be very profitable. The investor's decision to convert all NOTs into NOTs before the price rise has led to substantial gains. 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 wildly in a short period.
