Ethereum Investor Buys 3,942 ETH After Price Drop
An early Ethereum holder who previously sold 12,001 ETH for a $34.2 million profit has purchased 3,942 ETH at lower prices. The purchases followed a decline in the token's value.
The investor sold the 12,001 ETH for 34.3 million USDC at $2,856 each, realizing a $34.2 million profit that represented a 376-fold return.
After the price of ETH declined, the same holder began buying again. The purchases total 3,942 ETH at an average price of $2,049, amounting to $8.08 million. The report states the buyer may continue acquiring additional tokens. The transactions occurred during a broader market decline.
Key Facts
Story Timeline
3 events- Ten years ago
Holder received 12,001 ETH from ShapeShift at $7.58 each.
1 source@lookonchain - Over a year ago
Holder sold 12,001 ETH for 34.3 million USDC at $2,856 each.
1 source@lookonchain - Today
Holder purchased 3,942 ETH at $2,049 each for $8.08 million.
1 source@lookonchain
Potential Impact
- 01
Additional purchases could increase demand for ETH in the short term.
Transparency Panel
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