A long-term Ethereum investor made a profit of $131.72 million after holding onto their Ether for two years. They purchased 96,639 ETH during the 2022 bear market and saw its value increase significantly. The investor transferred a portion of their investment to the Kraken exchange, which was worth approximately $214.34 million at the time. They still hold 26,639 ETH in their wallet, valued at around $68.81 million. This showcases the potential for significant gains in the crypto market. Additionally, the article highlights other examples of investors making substantial profits, such as a Shiba Inu investor who earned $1.1 million from a $2,625 investment and a trader who turned a $3,000 investment into $46 million with the Pepe memecoin. On the other hand, crypto millionaire James Fickel lost over 18,000 ETH, valued at $43.7 million, by betting on Ether's price against Bitcoin, which adds to his total debt of $132 million.
- Content Editor ( cryptopolitan.com )
- 2024-09-23
Long-term Ethereum investor reaps $131.72 million profit after two-year hold