Crypto Whale Sees 5,000% Profit on Major Altcoin Investment
28.12.2024 12:00 1 min. read Alexander Stefanov
A significant cryptocurrency whale has reportedly made a remarkable 5,000% profit on a trending altcoin, according to Arkham Intelligence.
The trader, operating under the name trezor538, has earned $28 million from his investment in Virtuals Protocol (VIRTUAL).
Notably, the whale has held onto these tokens since February. However, recent activity shows that the trader transferred $500,000 worth of VIRTUAL tokens to the MEXC exchange within the last three months.
Had these tokens been sold at current prices, the trader would have netted an additional $10 million.
Virtuals Protocol, which currently holds a market capitalization of $3.49 billion, remains unlisted on major exchanges like Binance and Coinbase.
The token, which revolves around artificial intelligence, recently achieved its all-time high, reaching $3.49 per token.
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