MANTRA

Many intelligent investors are making profits during the ongoing 2024 market bull rally. Another trader has made a huge fortune with a little token, Mantra ($OM) today.A crypto trader has grown its wealth from $38,700 to $6.27 million, as per data provided by Lookonchain.On June 6, 2023, the investor used $38,700 to purchase 1.49 million $OM from Binance when the tokens were trading low of $0.026.According to the on-chain analytics platform, the trader made a 161x return on the cryptocurrency after holding $OM tokens for a few months.In just 18 months, the trader saw these assets rise tremendously and sold them, earning him a profit worth $6.27 million. In the last five days, the trader deposited 600,000 $OM tokens (worth $2.53 million) to Binance to take profits, with 889,000 $OM tokens (worth $3.74 million) still left in his wallet.<h2 id="header-0">$OM price analysis</h2>MANTRA ($OM) gained significantly over the previous week, <a href="https://coinmarketcap.com/currencies/mantra/" rel="noopener noreferrer nofollow">reaching</a> an all-time high of $4.44 early today, November 18th, 2024. Despite $OM’s massive price increase, the wider digital asset market capitalization moderately increased, currently standing at $3.09 trillion, a 0.85% rise in the last 24 hours.$Mantra rose its value by 137% in the past seven days, with its price currently trading at $4.06, an increase of 49% over the previous 24 hours.<h2 id="header-1">Mantra Continues Growing</h2>$OM, the native token of the <a href="https://blockchainreporter.net/mantra-chain-completes-hacken-audit-strengthening-security-and-compliance/" rel="noopener noreferrer nofollow">Mantra layer -1 blockchain</a>, has become one of the leading performers in the altcoin market. It’s currently position 33rd among the major crypto assets with its market capitalization reading at $3.66 billion.Market analysis shows that there is a rising excitement among $OM investors as they are expecting a potential airdrop in the forthcoming days.MANTRA Chain Airdrop <a href="https://x.com/keyngbaby_eth/status/1858191658376216776" rel="noopener noreferrer nofollow">announced</a> the airdrop event, which consequently led to the token reaching an all-time high of $4.4, and its daily active address rose by 570%. This signals that the token has a rising interest among its users, leading to increased trading activity.$MANTRA is also witnessing an increase in whale activity because of the recent price appreciation. The increasing interest of big investors signifies the OM market’s bullishness.

Crypto Trader Turned $38,700 into $6.27 Million in 18 Months as $OM Token Surges

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