**Old Ethereum Investor Sells 350 ETH, Makes a Massive 446x Profit!**

- An early Ethereum (ETH) investor who bought 16,636 ETH in 2016 has just sold some of his holdings and made a huge profit.

- According to on-chain data from EmberCN, the investor bought the ETH for $5.23 per token, for a total of $87,135. That ETH is now worth over $37.6 million, a 446-fold increase! 🚀

- After holding his ETH for nearly eight and a half years, the investor moved all 16,636 ETH to a new wallet before selling 350 ETH for $2,340 per token, making a profit of around $819,000.

- Despite the price of ETH dropping from a monthly peak of $2,820 to around $2,300, the investor’s long-term strategy is still paying off.

- This phenomenon follows a series of large ETH movements from long-dormant wallets, including 789,000 ETH moved from a wallet linked to the PlusToken Ponzi scheme. - What do you think about this long-term strategy? Are you also going long-term or do you prefer fast trading? Comment below!