After 281 days of dormancy, a major crypto whale made a significant move, unstaking 8.67 million OM tokens.
Whale Returns OM to Binance
The whale deposited 7 million OM, valued at approximately $43.45 million, back into Binance. Despite this major deposit, they still hold 1.67 million OM, worth an estimated $10.2 million.
Staking Strategy Pays Off Big
The whale’s strategic staking move has yielded impressive returns. By acquiring OM at just $0.682 per token and waiting nearly 10 months, they have turned their holdings into a staggering $47.64 million profit, representing an increase of approximately 793%.
Market Impact and Future Outlook
Large deposits of crypto into exchanges often signal potential selling pressure, which could lead to price fluctuations. Investors and traders will be closely watching the whale’s next move and how the market reacts to this significant deposit.
This event showcases the immense profit potential in the crypto staking world, particularly in volatile markets where patient approaches can lead to substantial gains.
