According to blockchain analytics firm Lookonchain, an Ethereum investor who purchased 96,639 ETH during the bear market in early September 2022 has made a profit of $131.72 million. The investor used a "diamond hands" strategy, holding onto their assets despite market pressures and volatility. They initially invested $151.42 million through Coinbase, then transferred 70,000 ETH to Kraken by March 2024, valuing that portion of their holdings at $214.34 million. They currently retain 26,639 ETH in their wallet, valued at $68.81 million. This highlights the trend of seasoned investors leveraging long-term holding strategies and the growing allure of higher-risk, higher-reward investments such as memecoins.



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