3,655x.
An Ethereum ICO buyer just cleared his entire 170,000 ETH stack. He bought in 2015 at $0.31 for about $52,700 total. On Monday he moved the last big chunk, 13,330 ETH worth around $36.4M, to Coinbase. Average sale price across the whole position: $1,137. Total profit: roughly $193 million.
I keep seeing people read this as a sell signal. It is not. Thirteen thousand ETH is a rounding error against daily ETH volume. One wallet, eleven years of holding, closing out. That is patience being rewarded, not smart money rushing for the exit.
The real lesson is what it took to sit through every 90% drawdown since 2015 and still hold. Nobody does that by watching the price.
$ETH #Ethereum
Follow for the on-chain data the headlines skip.
An Ethereum ICO buyer just cleared his entire 170,000 ETH stack. He bought in 2015 at $0.31 for about $52,700 total. On Monday he moved the last big chunk, 13,330 ETH worth around $36.4M, to Coinbase. Average sale price across the whole position: $1,137. Total profit: roughly $193 million.
I keep seeing people read this as a sell signal. It is not. Thirteen thousand ETH is a rounding error against daily ETH volume. One wallet, eleven years of holding, closing out. That is patience being rewarded, not smart money rushing for the exit.
The real lesson is what it took to sit through every 90% drawdown since 2015 and still hold. Nobody does that by watching the price.
$ETH #Ethereum
Follow for the on-chain data the headlines skip.
