A crypto investor made $131.72 million by investing in Ether during the 2022 bear market and holding it for two years despite uncertain market conditions.

Blockchain analytics firm Lookonchain identified this investor’s Ether wallet address, showing the benefits of holding long-term despite market volatility.

The investor bought 96,639 ETH from Coinbase in September 2022 and transferred 72% of that ETH to Kraken in March 2024.

The investor still has 26,639 ETH in his wallet, and the current value of these ETHs is $68.81 million.

This incident once again demonstrated the importance of the concept of “diamond hands.”