- ICO-era participant sells additional 501 ETH nine hours ago.
- Total ETH sold: ~14,894 for $50.11M since April 2021.
- Remaining 2,410 ETH worth ~$5.85M, total profit around $55.6M.
Journey from Genesis to Big Profits
About nine hours ago, a long-time Ethereum participant sold another 501 ETH from their holdings. This investor first purchased 16,000 ETH during the Genesis period at ~$0.31 per coin (spending around $4,960) using two separate wallets. In 2017, they added 804 ETH via exchanges at about $459 each, spending ~$369K.
The Exit Wall: $50M+ in Sales
Since April 2021, this holder has sold approximately 14,394 ETH at an average price of $3,482, bringing in roughly $50.11M from those sales. Combined with the latest 501 ETH sale, the total ETH sold surpasses 14,895 ETH, generating a monumental 149× return on initial investment.
Remaining Holdings & Net Profit
Even after cashing out over $50 million, the participant still holds around 2,410 ETH, valued at roughly $5.85M based on current rates. Altogether, total profit stands at approximately $55.6 million—a staggering return from just a few thousand dollars in initial investment.
What This Signals for Ethereum
- Long-term conviction pays: Holding through multiple cycles—from the early days to 2025—was key to capturing massive gains.
- Strategic take‑profits: Exiting in stages helped optimize average entry/exit points and locked in returns.
- Still bullish?: Retaining ~2,400 ETH suggests anticipation of higher prices or belief in ETH’s future.
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