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On July 2nd, blockchain analytics platform Lookonchain reported that a prominent early Ethereum investor liquidated 501 ETH, marking a significant transaction within the crypto market. This investor initially acquired 16,000 ETH during the Ethereum genesis phase, investing approximately $4,960 at an average entry price near $0.31 per ETH. Additionally, in 2017, the investor expanded their holdings by purchasing 804 ETH on an exchange for around $459 each, totaling $369,000. Since April 2021, this individual has strategically divested 14,394 ETH, generating roughly $50.11 million in revenue, with an average sale price of $3,482 per ETH. Despite these sales, the investor retains approximately 2,410 ETH, currently valued at about $5.85 million. Overall, the investor’s cumulative profit stands at an impressive $55.6 million, reflecting a remarkable return on investment (ROI) of 149 times, underscoring the long-term value proposition of early Ethereum participation.
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