🤑How One Investor With Diamond Hands Made Over $130 Million in 💎$ETH
💎 An investor turned a $151.42 million investment into $214.34 million by HODLing for two years.
📉 Even during the 2022 bear market, where uncertainty prevailed and Ether (ETH) underperformed, the investor held firm to his positions.
🔍 Blockchain analytics firm Lookonchain identified a portfolio with diamond hands, illustrating the losses many face when selling in times of panic. “Diamond hands” is a term used to describe those who do not part with their assets despite volatility and price fluctuations.
🛒 According to Lookonchain, the investor purchased 96,639 ETH on Coinbase between September 3 and 4, 2022, when the price was around $1,567 per token. This resulted in a total investment of $151.42 million.
🔁 In March 2024, the investor moved 72% of the initial investment (or 70,000 ETH) to Kraken, making multiple transactions. Ether was trading at $3,062 per token, resulting in $214.34 million.
💰 Currently, the investor still holds 26,639 ETH in his original wallet, for a total of $68.81 million, showing the power of the HODL strategy amid market volatility.
🤔 And you, would you be brave enough to follow the diamond hands strategy or would you prefer to hedge in times of volatility? Share your opinion!
