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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Patient Crypto Whale Waited 9 Months in This Altcoin: Made 529x Profit!
Crypto whale, in an unusual way in the cryptocurrency market, seems to have reaped the rewards of their long-lasting patience.
According to on-chain data, a cryptocurrency wallet purchased MLG, an unknown memecoin, nine months ago. The patient 'diamond-handed' whale paid only 17 SOL, equivalent to $2,600 at the time, for this transaction and bought 40.81 million MLG.
The whale, who sold about 33.3 million of these tokens through small sales during the period, made a sale of $413,000. However, as of today, the value of the 7.51 million MLG that the whale kept instead of selling is currently around $962,000.
So, the crypto whale, during this process, realized and unrealized gains, totaling a profit of $1.3 million and increased its initial capital by 529 times.
However, there are also allegations that this crypto whale is one of the developers of MLG, that is, an “insider trader”, so caution should also be exercised against this altcoin.