🐳 The whale that had been dormant for eight and a half years has awakened: 350 ETH was used to test the market, and it earned more than 430 times the unrealized potential return!
An early Ethereum investor, also known as the "dormant whale", bought 16,636 ETH at $5.23 per ETH in 2016. Now they have sold 350 ETH as a test. What's the result? A huge profit of $819,000!
This investor was very patient and slept for eight and a half years. The $87,135 they initially invested is now worth more than $37.6 million, which is a growth of more than 430 times! This transaction took place when the price of ETH was around $2,300. Although it is lower than the highest price of $2,800 in the past month, who wouldn't be jealous of such a return?
This is not the first time that a dormant whale has awakened. Just recently, on August 7, a wallet that had been dormant for 3.3 years suddenly became active, transferring 789,000 ETH worth $2 billion. Also, on August 26, a wallet that had been dormant since the ICO in 2014 woke up nine years later, and the 2,000 ETH in it was originally worth only $620, and is now worth nearly $5 million!
🗣 Conclusion:
The story of this investor reminds us that in the cryptocurrency market, patience and the right investment timing are equally important. Long-term holding, especially buying and holding during market downturns, may bring unexpected gains in the long run.
Currently, the price of ETH is around $2,300, and it has fallen by 20% in 30 days. Despite this, according to IntoTheBlock data, most ETH holders are still making money. 54% of holders are profitable at current prices, and 74% of holders have held their assets for more than a year.
💬 What do you think of this whale's operation? Do you think it's time to buy or sell Ethereum? Share your thoughts in the comments!
