Arkham data shows that a Fomo user identified as scout entered ZCAT five weeks ago when the token’s market capitalization was $228,000, putting in $12,700. At its peak, the value of the wallet’s ZCAT position reached $1.65 million. The user has since realized $19,000 in sales and still holds ZCAT worth $416,800. Based on the figures cited by Arkham, the position is showing a profit of $422,000, equal to a 33x return on the original investment. The update was cited by Odaily in a market whale activity brief.
According to Arkham monitoring cited by Odaily, a Fomo user identified as scout bought into ZCAT five weeks ago, investing $12,700 when the token’s market capitalization stood at $228,000.
The wallet’s ZCAT holdings were once worth as much as $1.65 million at the all-time high. The user has already cashed out $19,000 and still holds ZCAT valued at $416,800. Arkham’s figures show a profit of $422,000, representing a 33x return on the trade.
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