Patient Whale Made 5,000 Percent Profit on This Altcoin – Total Earnings $28 Million

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Bitcoinsistemi2024/12/28 20:44

By:Mete Demiralp

A patient crypto whale made a huge profit after waiting for a surprise altcoin. Here are the details.

According to data provided by cryptocurrency analytics firm Arkham Intelligence, a crypto whale made a profit of exactly 5,000% on the altcoin Virtuals Protocol (VIRTUAL).

The trader named trezor538 earned a total of $28 million with the profit rate he made from this altcoin.

However, it is useful to add some details. This whale has been holding the tokens in question since February. However, the whale wallet has made a transaction involving VIRTUAL tokens once in the last three months and transferred $500,000 worth of tokens to the cryptocurrency exchange MEXC.

If the trader had not transferred the $500,000 worth of tokens to the exchange and sold them, their current value would have been an additional $10 million.

Virtuals Protocol, which currently has a market cap of $3.49 billion, is not yet listed on Binance or Coinbase. The token managed to reach an all-time high today, trading at $3.49 at the time of writing. It also has an artificial intelligence theme.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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