finance
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.
May 23, 6:38 AM·1m read1 source
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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.
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