While the rise in the largest altcoin Ethereum stirred up whales, the latest news came from the whale, who was an early ETH investor.
According to Lookonchain’s post, the whale, one of the first investors in Ethereum, sold 17,700 ETH at $ 3,503. He received 62.24 million DAI from this sale.
This whale started buying Ethereum in March 2017 and made purchases until April 2021. During this period, Whale accumulated 14,280 ETH from Gemini and Bittrex exchanges at an average price of $182 and a cost of $2.6 million.
Selling after 7 years, whalena made a 23-fold profit on its Ethereum investment, and its profit reached 59 million dollars.
An early holder of $ETH sold 17,770 $ETH for 62.24M $DAI at $3,503 2 hours ago.
He accumulated 14,280 $ETH(cost $2.6M) at an average price of only ~$182 from #Gemini and #Bittrex from Mar 2017 and Apr 2021.
The profit is $59M, a gain of 23x!https://t.co/AG8G8p7mjC pic.twitter.com/1POZPAlgyi
— Lookonchain (@lookonchain) March 28, 2024
Ethereum continues to trade at $3,583 at the time of writing.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/the-mysterious-whale-collecting-ethereum-eth-at-a-cheap-price-sells-it-after-a-long-time-its-profit-is-astounding/