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One of the early investors in Ethereum, who purchased 3,000 ETH for $18.8 eight years ago when the cryptocurrency was valued at approximately $56,500, has now sold an additional 1,000 ETH for $2.68 million.
To date, he has sold a total of 2,000 ETH for $6.19 million at an average price of $3,096 per ETH, while retaining 1,000 ETH, currently valued at around $2.67 million.
The overall profit amounts to $8.8 million, representing a return of approximately 156 times the initial investment.
To date, he has sold a total of 2,000 ETH for $6.19 million at an average price of $3,096 per ETH, while retaining 1,000 ETH, currently valued at around $2.67 million.
The overall profit amounts to $8.8 million, representing a return of approximately 156 times the initial investment.
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Eight years after purchasing 3,000 ETH for just $18.8 when Ethereum's valuation was $56,500, one of its early investors has sold an additional 1,000 ETH for $2.68 million. This sale brings the total proceeds from his holdings to $6.19 million for 2,000 ETH, averaging $3,096 per unit. He still retains 1,000 ETH, now valued at approximately $2.67 million. Overall, his profit amounts to $8.8 million, reflecting a return of roughly 156 times the initial investment.
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