**Crypto Investor Nets $131.72M Profit Holding Ether During Bear Market**
A savvy cryptocurrency investor has made headlines by turning a $151.42 million investment in Ether (ETH) into a $131.72 million profit. The investor, identified by blockchain analytics firm Lookonchain, purchased 96,639 ETH from Coinbase in September 2022 when Ether was priced around $1,567.
- **Hodl Strategy Pays Off**: Despite market volatility, the investor held onto their ETH, demonstrating the benefits of a "diamond hands" approach.
- **Big Moves**: In March 2024, they transferred 70,000 ETH to Kraken, valued at $214.34 million, while still holding 26,639 ETH worth $68.81 million.
- **Memecoin Mania**: Similar success stories include a Shiba Inu (SHIB) investor who turned $2,625 into $1.1 million and another who turned $3,000 into $46 million with Pepe (PEPE).
These cases highlight the potential long-term gains in the crypto market for those who can weather the storm.