Long-term Ethereum Holder Earns $131.7M in 2 Years.
Release: 2024/09/25 15:19 Reading: 371
Long-term Ethereum Holder Earns $131.7M in 2 Years
The last two years have been filled with uncertainties for crypto investors. Bitcoin and Ethereum have experienced significant volatility, leaving traders puzzled over the optimal strategy of holding or selling at the first sign of profit. However, a savvy crypto investor made a staggering $131.72 million profit by remaining patient amidst the market fluctuations.
Ethereum Holder Gains $131.72M
The Ethereum holder bought Ether during the last bear market and held it until the market improved. Lookonchain, a renowned crypto analytics firm, tracked the investor's strategy, impressed by their resilience and refusal to sell in a panic.
The Ethereum holder made a significant move between September 3rd and 4th, 2022. They purchased 96,639 ETH from Coinbase at around $1,567 per token, totaling approximately $151.42 million.
Fast forward to March 2024, this long-term approach proved fruitful. The investor transferred 70,000 ETH, over 72% of their original stash, to Kraken. Ether's price had risen to $3,062, making the transfer worth $214.34 million.
Remaining Assets
Despite sending the majority of their ETH to Kraken, the investor retained 26,639 ETH in their original wallet, currently valued at around $68.81 million. This balance demonstrates the enduring value of holding assets in a volatile market.
Long-term Strategy
This investor's story underscores the profitability of a long-term game plan. Traders who embrace the "buy the dip" mindset often reap long-term rewards. Similar to this Ethereum holder, a SHIB investor transformed a $2,625 investment into $1.1 million by holding the asset for three years. Additionally, a PEPE trader turned $3,000 into an astounding $46 million, proving that buying during market downturns can lead to substantial gains.
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