Whale Makes Huge Profit from NOT, Pockets $862,000 Unrealized Profit

Bittime – A large crypto investor, often referred to as a “ whale ” due to their enormous holdings, has scored significant profits from NOT tokens. Citing data from Lookonchain, this whale is currently pocketing a realized profit of around $862,000 for their NOT holdings.

Initial Investment NOT Yielding Results

The whale's foresight seems to be a crucial factor in their success. Details from Lookonchain reveal that the whale bought 46.4 billion $wNOT tokens before NOT's official listing. 

This purchase, made with 50,550 TON tokens (equivalent to approximately $278,000 USD at the time), positioned them for potential profits once NOT became available for trading.

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Strategic Token Exchange

Importantly, this whale does not only store $wNOT tokens. On May 21, they strategically converted their entire holding of 46.4 billion $wNOT into 46.4 million $NOT. This conversion, where 1,000 $wNOT tokens can be exchanged for 1 $NOT, allows them to directly benefit from any increase in the price of NOT tokens.

Get to know Unrealized Profit

Unrealized profit or Unrealized Profit is a profit that occurs due to an increase in the value of crypto assets that are owned by investors, but have not been sold for cash. For example, if someone bought Bitcoin for $20,000 and now its value has increased to $30,000, then there is an unrealized profit of $10,000. 

However, these profits are not actually realized until the Bitcoin is sold. This unrealized profit is often referred to as "paper profit" or "paper gain" in the cryptocurrency world.

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Still Holding for Further Gains?

The fact that these whales have been holding their NOT tokens since their conversion on May 21 suggests that they may be anticipating further price increases. Their current unrealized gain of $862,000 indicates that their investment has more than tripled in value.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Notcoin Price Prediction: Is Early June the Right Time to Buy NOT?

What is the Impact of Delaying Notcoin (NOT) Deposits?

How to Stake Notcoin (NOT)? Follow These Official Steps

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.