$77 Million in 365 Days: Crypto Trader Wins Bet on Mantra

Mantra (OM) has been making volatile movements in the previous few days and increasingly gaining interest among crypto users, including traders and whales. Today, crypto analyst Spot on Chain spotted a trader who holds massive unclaimed gains in his Mantra investments.

The smart trader 0x177e6 made a $77M profit (x11) in <1 year by trading $OM today! ??

In March 2024, he accumulated 11.5M $OM from #Binance via wallet 0x575 at an avg price of $0.63, costing ~$6.9M.

Today, $OM hit an ATH of $7.53, and he started moving those tokens to… pic.twitter.com/1bGaBtEEGX

— Spot On Chain (@spotonchain) February 15, 2025

Trader gains $77M on OM

According to data reported by Spot on Chain, the trader has made a $77 million unrealized profit within one year by holding Mantra.

In March 2024, the whale spent $6.9 million to buy 11.5 million Mantra tokens from Binance at an average price of $0.63. Since that time, OM’s value has risen gradually due to increasing investor interest in the token amid the growing trend of RWAs. The emerging narrative of tokenized assets has triggered interest in RWA tokens.

Today, OM climbed to a new AHT of $7.53. As a result, the trader began moving those tokens on-chain to Binance via several addresses. His total holdings currently amount to $84.5 million. If he decides to sell them today, he will realize a whooping profit of $77 million. This whale’s activity shows Mantra’s potential growth and suggests an ideal buying opportunity.

OM price updates

The impressive profit made by this whale showcases Mantra’s potential ability. The asset has displayed incredible performance in recent days. It established its price around the $6 zone after experiencing a 70% price rise over the past 17 days.

Over the past month, Mantra outperformed major tokens like Bitcoin and Ethereum and remained one of the best performers in the market. Its asset has defied the ongoing downward trend in the broader cryptocurrency market. Over the previous week, several bearish macroeconomic factors, including the intensifying US-China trade tension caused the overall market to lose strength.

Indeed, Mantra managed to reach a new ATH of $6.48 on Feb. 6, 2025, after seeing an incredible 53% price increase over the previous month. This breakthrough occurred on the back of an extraordinary 1800% price jump over the previous year. However, after climbing to this ATH, the token experienced a wave of profit-taking, which caused its value to consolidate slightly.

Today, the token experienced a 37.2% increase over the past 24 hours, climbing to a new ATH of 7.90. This growth has put Mantra’s market valuation at $7.36 billion, surpassing ONDO as the biggest RWA token. Its trading volume has also grown by 613% to $967.78 million, suggesting that buyers are increasingly adopting the token, reinforcing and sustaining its bullish trend.

The key factor contributing to the token’s price uptrend is the rising enthusiasm around RWA projects. The asset’s fundamentals remain robust, fueled by the expanding demand for RWAs. The digital asset market is witnessing the growing popularity of tokenized assets.

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