According to blockchain data analysis, the early whale who hoarded 21,636 ETH at an average price of $6.9 in 2016 has completed the sale of all ETH on October 1, making a profit of $58 million, a return of 387 times.

The whale bought ETH for $149,800 in 2016 and sold all of it at an average price of $2,688 eight years later, in exchange for 58.14 million USDT. Currently, the whale holds 49.5 million USDT in the six addresses where it sold ETH.

This move shows the potential high returns of long-term holding strategies in the crypto market.