ETH whale profits $13.38 million after 8 years of holding
An ETH whale made a rare and impressive move that caught the attention of the crypto market this week.
The investor, who kept his assets untouched for nearly eight years, recently sold most of his holdings. As a result, he turned an initial investment of about $50,000 into more than $13.38 million.
The operation, revealed by on-chain data, is a clear example of the power of ‘holding’ in the cryptocurrency universe. Moreover, it reinforces how patience and conviction can yield extraordinary results in the long run.
From buying at $13 to a fortune of millions
According to information from on-chain analyst @EmberCN, the story began in early 2017 when the address linked to this whale withdrew 3,865 ETH from the Kraken exchange.