An old OG who held 8 years of ETH sold 1,000 coins again: the most formidable in crypto was never the one who makes money the fastest
Today the market is trading sideways on low volume. Everyone is waiting for tomorrow’s PCE data, and yet a low-key headline caught my attention: the ETH OG address that held the position for 8 years transferred out 1,000 coins today for a sell-off. Based on the current price, it has yielded more than $8.8 million in profit, a 156x return.
I know the owner of this address—Lao Zhou—an ordinary retail trader who has been in crypto for 10 years. He’s not a big shot; he just entered early and has been able to hold. Back in 2020 at a small offline get-together, ETH was only a few hundred dollars. A bunch of people talked about contracts and 100x coins. He sat in the corner drinking tea the whole time, never chiming in. All he said was, “Just a little ETH—held for a few years.” Back then, everyone thought he was stubborn and outdated.
In the 2021 bull market, when ETH touched $4,000, the group was posting multi-fold gains every day, calling for a run to ten thousand by year-end. Lao Zhou spoke up for the first time and said just one thing: “Sell in batches. Taking profits is what belongs to you.” Nobody listened. Some even mocked him for being timid. When I asked privately about adding more, he said he bought in batches during the 2018 bear market, with a cost basis under $100. “Since it went up from $300, every time it rose another 10%, I would sell 100 coins.”
“Crypto is never short on fairy tales of getting rich overnight. What it lacks is the people who make money and still stay at the table.”
Later, during the bear market drop, those who had been shouting about topping out went silent. Liquidations and bottom-buyers getting trapped were everywhere. But Lao Zhou quietly picked up the chips again during the bear market. When this bull run returned to the 3,000-plus range, he restarted his old routine. Today’s 1,000 coins are just standard operations.
Some say he sold too early and that his ambitions were too small. But I think crypto has never lacked myths of instant wealth; what it lacks is clarity—moving at your own pace and steadily taking profits. In a market full of legends, not getting swept up by emotions, and only “eating the middle of the fish,” is what truly counts as being厉害.
This article is for story sharing only and does not constitute any investment advice. The crypto market is extremely risky—proceed with caution when entering the market.
Today the market is trading sideways on low volume. Everyone is waiting for tomorrow’s PCE data, and yet a low-key headline caught my attention: the ETH OG address that held the position for 8 years transferred out 1,000 coins today for a sell-off. Based on the current price, it has yielded more than $8.8 million in profit, a 156x return.
I know the owner of this address—Lao Zhou—an ordinary retail trader who has been in crypto for 10 years. He’s not a big shot; he just entered early and has been able to hold. Back in 2020 at a small offline get-together, ETH was only a few hundred dollars. A bunch of people talked about contracts and 100x coins. He sat in the corner drinking tea the whole time, never chiming in. All he said was, “Just a little ETH—held for a few years.” Back then, everyone thought he was stubborn and outdated.
In the 2021 bull market, when ETH touched $4,000, the group was posting multi-fold gains every day, calling for a run to ten thousand by year-end. Lao Zhou spoke up for the first time and said just one thing: “Sell in batches. Taking profits is what belongs to you.” Nobody listened. Some even mocked him for being timid. When I asked privately about adding more, he said he bought in batches during the 2018 bear market, with a cost basis under $100. “Since it went up from $300, every time it rose another 10%, I would sell 100 coins.”
“Crypto is never short on fairy tales of getting rich overnight. What it lacks is the people who make money and still stay at the table.”
Later, during the bear market drop, those who had been shouting about topping out went silent. Liquidations and bottom-buyers getting trapped were everywhere. But Lao Zhou quietly picked up the chips again during the bear market. When this bull run returned to the 3,000-plus range, he restarted his old routine. Today’s 1,000 coins are just standard operations.
Some say he sold too early and that his ambitions were too small. But I think crypto has never lacked myths of instant wealth; what it lacks is clarity—moving at your own pace and steadily taking profits. In a market full of legends, not getting swept up by emotions, and only “eating the middle of the fish,” is what truly counts as being厉害.
This article is for story sharing only and does not constitute any investment advice. The crypto market is extremely risky—proceed with caution when entering the market.