Mantra Whale Gains Attention With Huge Profit

A whale has earned an incredible profit of $1.4 million from Mantra (OM) today after the price of the altcoin rose by 33.8%. This expeditious gain highlights the digital asset market's potential for swift wealth generation.

A crypto whale has made a remarkable profit of $1.4 million from Mantra (OM) today, following a 33.8% surge in the altcoin's price. This rapid gain showcases the potential of the digital asset market for swift wealth generation.

Data Nerd, a crypto analyst, noticed this achievement and identified the whale depositing 300,000 Mantra tokens into Binance today, which were valued at $1.48 million at the time of the transaction. The coins were purchased for an average price of $0.028, and he realized a profit of $1.47 million on this batch.

The whale had bought 17.2 million OM tokens for $485,000 one year ago, at an average price of $0.028. He currently still holds 3.573 million Mantra coins, which are now worth $16.97 million. This suggests he has been strategically selling the tokens as prices rise to generate returns.

1 hour ago, a whale 0x502 deposited 300k $OM (~$1.48M) to #Binance with realized profit for those tokens is ~$1.47M.

Last year, he accumulated totally 17.4MM $OM for $485k with avg entry $0.028.

Just now, he still owns 3.573M $OM ~$16.97M

Address:https://t.co/NoMFT9lome pic.twitter.com/ByctvRdvRf

The trader's activity highlights the importance of market timing to generate profits. He purchased a large quantity of tokens one year ago, when the price of OM was around $0.028.

The whale timed his trading activities well. He sold a portion of his holdings today after noticing that OM prices had reached new highs, netting him a realized gain of $1.47 million. He still owns a significant amount of OM tokens, which he can continue to trade to generate returns as the price rises. The recent surge in OM prices also indicates that more investors are accumulating the coins, anticipating potential growth in the future.

OM price updates

Mantra has been on a strong uptrend recently, with the altcoin hitting a new all-time high of $4.96 on Sunday, Jan 26, 2025.

It is currently trading at $4.42, up 33.8% in the last 24 hours and 21.1% over the last seven days. Its trading volume has surged by 841.40% over yesterday, indicating a recent increase in participation from investors and traders.

Several factors have contributed to the ongoing price pump of Mantra. The token has one of the highest staking yields in the crypto market, and its recent performance highlights that more investors are buying the asset to amplify their returns. Its 5.74% staking yield is higher than Ethereum's 4.11%, Polygon's 2.58%, Algorand's 4.5%, among others.

The recent surge in Mantra prices follows Blackrock CEO Larry Fink's statement urging US regulators to approve tokenized stocks and bonds. OM is one of the leading protocols specializing in the tokenization of real-world assets (RWAs).

Its price has been moving up following Mantra's strategic partnership with Dubai's Damac Group earlier this month. This collaboration will see Damac’s vast portfolio, spanning fashion, capital markets, manufacturing, resorts, hotels, and real estate, being tokenized by Mantra.

Mantra has been up for the last several weeks, with a 28.9% increase in its price over the last 30 days, indicating that more investors are buying it.