Manifold Trading’s $OM Position: A $50 Million Profit Amidst Surge in Market Activity

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A well-known quantitative investment firm, Manifold Trading, has recently been under scrutiny for its enormous holding in the $OM token—a position acquired back in November 2023. The token’s price has recently experienced a sharp upswing, meaning that if Manifold were to sell its $OM tokens now, it would realize some staggering profits that have raised eyebrows across the crypto community. And “would” is the key word here, because we’re not exactly sure that Manifold has any plans at all to sell. To put it in numbers: Manifold purchased 3 million tokens at a price of just $0.04; the current price

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