One of the early investors in the Ethereum project has sold 11,552 ETH, receiving nearly $23 million for this transaction. It is known that during the initial coin offering (ICO) in 2015, this participant purchased 38,800 ETH at a price of around $0.31 per unit, spending approximately $12,000.
This is reported by Business • Media
Significant Profit and Wallet Balance
The investor currently has 38,800 ETH remaining in their wallet, which is equivalent to approximately $80 million at current market prices. Based on this data, the initial investment has yielded extraordinary profits for the owner, confirming the high returns for early participants in cryptocurrency ICOs.
According to analysts, the sale occurred at a price of around $2,000 per ETH. This transaction has sparked significant resonance and discussion among traders and analysts online.
Market Impact and Analyst Opinions
An analyst using the pseudonym Daniyal noted that there is a sort of “war” in the market among large players using leverage from 50x to 120x. He stated that large market participants often open positions against the liquidation levels of retail traders, creating additional risks for less experienced participants.
It was also emphasized that traders with lower leverage, such as 8x, become a source of liquidity for the large positions of major players. Another participant in the discussion pointed out the strategic risks of holding cryptocurrencies long-term without a clear exit strategy, stressing that even early investment does not guarantee perfect timing for selling.
“Imagine holding an asset for over 10 years, only to sell it on a correction day.”
At the time of writing, Ethereum is trading near the $2,000 mark per coin, as confirmed by the ETH/USDT chart on the Binance exchange.
It is worth noting that recently another ICO Ethereum participant, after a decade-long hiatus, transferred 100 ETH to a new address, indicating increased activity among early investors in the market.