According to Lookonchain (blockchain analytics tracker), the wallet previously sold 11,005 ETH at an average price of $2,777 for 30.56 million USDC, realizing a reported $30.5 million profit.
An Ethereum early holder, often called an "OG" in crypto market slang, bought 1,951 ETH for $4.26 million USDC after a market decline, according to Lookonchain (blockchain analytics tracker). The reported entry price was $2,182 per ETH. Lookonchain also said the same wallet sold 11,005 ETH more than a year earlier at $2,777 per coin for 30.56 million USDC, with a reported profit of $30.5 million and an 803x return. The transaction highlights how large long-term holders can re-enter the market after price weakness, while stablecoins such as USDC are commonly used as settlement assets for major crypto purchases.