Blockchain data shows an early Ethereum investor continues to cash out, depositing millions into exchanges and realizing massive gains after holding for years.
An early Ethereum investor deposited 5,000 ETH worth $15.05 million into Binance, six hours before disclosure. Over the past two weeks, they sold 18,403 ETH worth $56.1 million, securing approximately $45.82 million in profits. The holder's average acquisition cost from five years ago was $559 per ETH, yielding a 445% ROI. This follows a recent transfer of 18,000 ETH worth $54.78 million to Bitstamp, underscoring their ongoing liquidation strategy and substantial returns.