This achievement<\/a> <\/strong>comes amidst a slight decline in the price of MANTRA (OM<\/a><\/strong>), sparking discussions about its potential future trajectory. While some speculate that the trader’s significant sell-off could trigger further price drops, others remain optimistic due to prevailing trends in the broader market.<\/p>\n

Data from the on-chain analytics platform The Data Nerd<\/em> reveals that a wallet, identified as \u201c0xdc2,\u201d recently moved 600,000 OM tokens to Binance, with a value of approximately $2.53 million. According to Arkham Intelligence, this transaction is part of a calculated series of moves by the trader, who previously withdrew 1.489 million OM tokens in June 2023, purchasing them at an average price of $0.026 per token.<\/p>\n

The latest sale saw the trader pocket a profit of $2.49 million on the 600,000 tokens alone, achieving a 64x return. In total, the trader\u2019s activities have resulted in an estimated profit of $6.28 million, marking an impressive 161x return on investment.<\/p>\n