Waiting is also a virtue. And if not, ask this whale of Ether (ETH), the native cryptocurrency of Ethereum, which maintained its holdings for six years, began to make partial sales since 2020 and accumulate profits made close to 30 million dollars.
In the last hours, data ON-CHAIN They reflect The whale sold today, Monday, August 11, 2,300 ETH in exchange for 9.91 million dollars Through Exchange Kraken, staying in his possession with 1,623 ETH (6.99 million dollars).
It is a true patience lesson because this whale had participated in the initial offer (ICO) of ETH that took place between June 22 and September 2, 2014.
The data show that the investor made a Initial disbursement of $ 6,200 and change received 20,000 units of the Ethereum coin. Making numbers with the cryptootic calculator, taking into account that ETH exceeds 4,200 dollars, those holdings would be valued at 86 million dollars.
It is worth clarifying that it is not a gain made for that amount, since the investor made another 12 ETH sales in the past. The first one was 4 years ago, when he sold 100 ETH for 388,460 dollars.
It is important to highlight this because subsequent sales occurred after ETH reached its historical maximum (ATH) of $ 4,890, including 250 eth in December 2024, 1,000 ETH in February of that year and 3,000 ETH at the end of November 2023, among other movements.
The following ETH price chart shows the evolution of the asset during the period that sales were made.
Ethereum’s ICO raised around 18.3 million dollars. In total they were sold 60 million ETH units at an average price of $ 0.31. During that stage, with 1 Bitcoin (BTC) an investor had the possibility of acquiring 2,000 eth.
As explained in cryptopedia, cryptootic educational section, an ICO is a financing mechanism in which a cryptocurrency project sells new tokens to collect capital, functioning similar to the issuance of shares. This mechanism has financed networks such as Ethereum, Cardano, Solana and Chainlink.
