Early Ethereum investor deposits 26,000 ETH to Bitstamp…cumulative return 344%
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Summary
- An early investor known as an “Ethereum OG” reportedly deposited the remaining 26,000 ETH into Bitstamp about five hours ago.
- The holdings are valued at about $80.88 million, and the investor is estimated to have recorded cumulative profits of about $274 million across all transactions.
- That equates to a roughly 344% return versus the initial investment, and the market is focusing on the possibility of near-term selling as long-term-held coins move onto an exchange.
An early Ethereum investor moved the remaining holdings to an exchange, setting up a large-scale profit-taking move.
According to on-chain analytics account Lookonchain on the 12th (local time), an early investor known as an “Ethereum OG” deposited the remaining 26,000 ETH—out of a total 154,076 Ethereum (ETH) bought at an average purchase price of $517—into Bitstamp about five hours ago. The stash is valued at about $80.88 million.
Including this deposit, the investor is estimated to have booked cumulative profits of about $274 million across all transactions. That corresponds to a return of roughly 344% versus the initial investment. The market is watching for potential near-term selling, as a long-term holder’s coins have moved onto an exchange.
