The Mysterious Whale Collecting Ethereum at a Cheap Price Made a Sale After a Long Time: Its Profit Is Astounding

While the latest news shows that whales are mobilizing with the rise in Ethereum, it came from a whale who was an early investor in Ethereum, the largest altcoin.

According to data from Lookonchain, this whale, one of the first investors of Ethereum, sold a total of 17,700 ETH at $ 3,503. It obtained 62.24 million DAI from this sale.

This whale, which started buying Ethereum in March 2017, made regular purchases until April 2021. During this time, he accumulated a total of 14,280 ETH from exchanges such as Gemini and Bittrex, at an average price of $182 and a cost of $2.6 million.

With the sale after 7 years, the whale made a 23-fold profit on its Ethereum investment and its profit reached 59 million dollars.