An Ethereum whale made a significant profit by buying ETH during the 2022 bear market and holding it through volatility for over two years.
Ethereum Purchase
According to recent data by Lookonchain, an Ethereum whale bought 96,639 ETH on September 3rd and 4th, 2022, from the cryptocurrency exchange Coinbase for $1,567 per coin. The total purchase value was $151.42 million.
Selling in 2024
In March 2024, the investor moved over 70,000 Ethereum coins to the Kraken exchange. At that time, the price of Ethereum was around $3,062 per coin, equivalent to $214.34 million in fiat currency. This large transaction was made possible by holding through market volatility. According to Lookonchain, the same wallet still holds 26,639 ETH, worth approximately $68.1 million at the current price.
Examples of Other Successful Investors
Another similar example involves a Shiba Inu investor who turned an investment of $2,625 into $1.1 million after holding for three years. Another trader invested $3,000 in Pepe and eventually made $46 million. These cases also demonstrate the benefit of holding through volatile and uncertain market conditions.
These examples highlight how investors with a long-term vision and determination can significantly increase their investments despite market volatility.
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