Whale Deposits 2 Trillion MOG Tokens Into Bybit and Gate.io, Earns 72 Times Profit

IconCryptoNewsTerminal Staff19 Jul, 2024

cryptonews.jpg

Whale Deposits 2 Trillion MOG Tokens Into Bybit and Gate.io, Earns 72 Times Profit

Whale Alert! 🐋🚨 A substantial crypto whale, identified by the Ethereum address 'arthurgayes.eth,' has made a significant move, depositing a whopping 2 trillion MOG tokens, with an estimated value of $4.41 million, into the popular cryptocurrency exchanges Bybit and Gate.io. This noteworthy transaction occurred approximately 7 hours ago, coinciding with a surge in the price of MOG. Delving into the whale's past activities, the on-chain data analysis platform Spot On Chain reveals that between September and October 2023, this savvy investor acquired a staggering 8.26 trillion MOG tokens for a mere 251,000 USDC. Currently, the whale retains a substantial position, holding approximately 6.26 trillion MOG in three separate wallets. The cumulative profit realized by this astute whale is estimated to be around $18.1 million, translating to an impressive 72-fold return on their initial investment. This remarkable profit margin underscores the whale's exceptional market timing and astute trading strategies.

Related News