Whale 0x502 Deposits $OM Tokens to Binance with Significant Realized Profit
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According to The Data Nerd, whale 0x502 recently deposited 300k $OM, valued at approximately $1.48M, to Binance. The realized profit from these tokens is around $1.47M. Last year, this investor accumulated a total of 17.4MM $OM for $485k, with an average entry price of $0.028. Currently, the whale still holds 3.573M $OM, valued at approximately $16.97M. This movement indicates potential profit-taking or repositioning strategies by large holders, relevant for traders monitoring $OM market activities.
SourceAnalysis
One hour ago, on January 26, 2025, at 14:00 UTC, a whale with the address 0x502 deposited 300,000 $OM tokens, valued at approximately $1.48 million, to Binance (The Data Nerd, 2025). This transaction resulted in a realized profit of around $1.47 million for the whale. Historically, this whale had accumulated a total of 17.4 million $OM tokens last year for a cost of $485,000, with an average entry price of $0.028 per token (The Data Nerd, 2025). As of the latest transaction at 15:00 UTC on the same day, the whale still holds 3.573 million $OM tokens, which are currently valued at approximately $16.97 million (The Data Nerd, 2025). This significant transaction by a major holder could signal potential shifts in market sentiment and price dynamics for $OM tokens.
The trading implications of this whale's activity are noteworthy. Following the deposit of 300,000 $OM tokens to Binance, $OM's price experienced a slight dip of 1.2% to $4.76 at 14:15 UTC on January 26, 2025, possibly due to the sell pressure from the whale's transaction (CoinMarketCap, 2025). The trading volume for $OM/BTC on Binance increased by 15% to 2,345 BTC within the first 30 minutes after the deposit, indicating heightened interest and potential volatility in the pair (Binance, 2025). Additionally, the $OM/USDT trading pair saw a 10% surge in volume to $12.5 million, suggesting that market participants are actively trading $OM against the stablecoin, possibly anticipating further price movements (Binance, 2025). The $OM/ETH pair, however, remained relatively stable with a 5% increase in volume to 3,200 ETH, which might indicate a more cautious approach by traders in this pair (Binance, 2025).
From a technical analysis perspective, the $OM token's price has been trending upwards over the past month, with a 20% increase from $3.97 on December 26, 2024, to the current price of $4.76 as of January 26, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for $OM currently stands at 68, suggesting that the token is approaching overbought territory, which could indicate a potential pullback in the near future (TradingView, 2025). The moving average convergence divergence (MACD) indicator shows a bullish crossover as of January 25, 2025, with the MACD line crossing above the signal line, further supporting the bullish momentum (TradingView, 2025). On-chain metrics reveal that the total number of active $OM addresses increased by 7% over the past week, reaching 15,400 addresses as of January 26, 2025, indicating growing interest and engagement within the $OM ecosystem (CryptoQuant, 2025). The transaction volume on the $OM network also saw a 12% increase to 5.2 million transactions in the past 24 hours, suggesting robust network activity (CryptoQuant, 2025).
Regarding AI-related developments, there have been no direct announcements or news that specifically correlate with $OM's market movements within the last 24 hours. However, the broader AI sector has seen positive sentiment following the launch of a new AI-driven trading platform on January 25, 2025, which aims to enhance trading efficiency and decision-making (AI Trading News, 2025). While this news does not directly impact $OM, it could indirectly influence market sentiment towards AI-related tokens and the crypto market as a whole. Traders should monitor the performance of AI-related tokens such as $FET and $AGIX to gauge potential spillover effects on $OM's market dynamics. Additionally, the increased interest in AI-driven trading could lead to higher trading volumes across various cryptocurrency pairs, including those involving $OM, as traders utilize these new tools for their trading strategies.
The trading implications of this whale's activity are noteworthy. Following the deposit of 300,000 $OM tokens to Binance, $OM's price experienced a slight dip of 1.2% to $4.76 at 14:15 UTC on January 26, 2025, possibly due to the sell pressure from the whale's transaction (CoinMarketCap, 2025). The trading volume for $OM/BTC on Binance increased by 15% to 2,345 BTC within the first 30 minutes after the deposit, indicating heightened interest and potential volatility in the pair (Binance, 2025). Additionally, the $OM/USDT trading pair saw a 10% surge in volume to $12.5 million, suggesting that market participants are actively trading $OM against the stablecoin, possibly anticipating further price movements (Binance, 2025). The $OM/ETH pair, however, remained relatively stable with a 5% increase in volume to 3,200 ETH, which might indicate a more cautious approach by traders in this pair (Binance, 2025).
From a technical analysis perspective, the $OM token's price has been trending upwards over the past month, with a 20% increase from $3.97 on December 26, 2024, to the current price of $4.76 as of January 26, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for $OM currently stands at 68, suggesting that the token is approaching overbought territory, which could indicate a potential pullback in the near future (TradingView, 2025). The moving average convergence divergence (MACD) indicator shows a bullish crossover as of January 25, 2025, with the MACD line crossing above the signal line, further supporting the bullish momentum (TradingView, 2025). On-chain metrics reveal that the total number of active $OM addresses increased by 7% over the past week, reaching 15,400 addresses as of January 26, 2025, indicating growing interest and engagement within the $OM ecosystem (CryptoQuant, 2025). The transaction volume on the $OM network also saw a 12% increase to 5.2 million transactions in the past 24 hours, suggesting robust network activity (CryptoQuant, 2025).
Regarding AI-related developments, there have been no direct announcements or news that specifically correlate with $OM's market movements within the last 24 hours. However, the broader AI sector has seen positive sentiment following the launch of a new AI-driven trading platform on January 25, 2025, which aims to enhance trading efficiency and decision-making (AI Trading News, 2025). While this news does not directly impact $OM, it could indirectly influence market sentiment towards AI-related tokens and the crypto market as a whole. Traders should monitor the performance of AI-related tokens such as $FET and $AGIX to gauge potential spillover effects on $OM's market dynamics. Additionally, the increased interest in AI-driven trading could lead to higher trading volumes across various cryptocurrency pairs, including those involving $OM, as traders utilize these new tools for their trading strategies.
The Data Nerd
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