A big crypto whale woke up from a 281-day dormancy by unstaking 8.67 million OM

The whale currently controls 1.67 million OM tokens which have a current worth of roughly $10.2 million as the token trades above $600.

A big crypto whale has made massive gains from a 281-day dormancy period as they unstaked 8.67 million OM and transferred 7 million OM worth $43.45 million to Binance.

The whale withdrew 8.81 million OM from Binance on April 17, 2024, at an average price of $0.682 and staked the tokens. The token’s price rally following the extended staking period has delivered substantial gains to the whale’s original investment strategy.

After 281 days of dormancy, a whale unstaked 8.67M $OM 12 hours ago and has since deposited 7M $OM ($43.45M) to #Binance.

On April 17, 2024, the whale withdrew 8.81M $OM from #Binance at only $0.682 for staking.

With $OM now above $6.1, the whale still has 1.67M OM ($10.2M) remaining and has made a profit of $47.64M. The combo of smart staking and crypto market patience pays off big-time.

The whale currently holds 1.67 million OM tokens which are valued at approximately $10.2 million as the token trades above $6.1. The strategic investment generated a total profit of about $47.64 million from this investment.

This profit represents an impressive 793% return for the whale. The combination of well-designed staking methods with prolonged crypto market patience has led to significant earnings.

The involvement of a whale in the crypto market often sparks interest and discussion among members of the community.

As the whale's actions can have a considerable impact on the market, their moves are closely followed and analyzed by crypto enthusiasts.

The whale's step-by-step method of withdrawing funds allows them to profit without causing abrupt market price fluctuations.

Such big transfers were recorded by Spot On Chain.

The whale timed its massive selling position after the market price of the token experienced a significant rise during recent months.

The whale displays profound market knowledge by executing an exit plan which allows them to achieve profits.

This occurs while still holding some of their tokens, which indicates a belief in the project’s future increase in value.