Ethereum Whale Legend: 800 Times Return Over 8 Years
The price of ETH has broken through 200 USD! There is a super impressive "Ethereum Whale" who, after lying low for eight years, has transferred their funds for the first time. Guess what? The return reached 800
times! On November 7th, Ethereum was amazing, rising over 9% in the past 24 hours, reaching its highest price in 13 weeks - 2956 USD.
Inside this, there is a major player holding over
11000 Ethereum, as significant as a whale in the ocean, let's call them the Ethereum Whale. Since 2016, Ethereum seems like a
"gold mine"; this whale acquired a considerable amount of Ethereum in February 2016. At that time, the price of Ethereum fluctuated between 2.10 USD and 6.60
USD. This whale increased their holdings of 11005 ETH on a cryptocurrency exchange called ShapeShift. A company called Lookonchain, which specializes in tracking on-chain currency information, says that the purchase price for these Ethereum was 3.46 USD each, which totals only 38000 USD. Doesn’t that seem very little?
This Lookonchain company also mentioned that this whale has held onto these Ethereum for over eight years, and now they have decided to sell them and cash out their profits. On November 7th, when the price reached 2777 USD, this whale transferred all 11005 ETH, which resulted in a potential profit of 30.5 million USD, over 800 times their initial investment!
There is also something very interesting: if this whale had sold their Ethereum at the highest price in 2021, when Ethereum reached a historic high of 4800 USD, they could have made over 52.8 million USD. Additionally, if they sold in May of this year when the price of Ethereum broke 4000 USD, those Ethereum could have brought in approximately 44 million USD. What do you think, isn't this whale impressive? When to sell cryptocurrencies is truly a profound question!
