ETH trader turns $87K into almost $40M after 8-year hold

The Ether whale started selling tokens on Sept. 16, with over $38 million in ETH still in its wallets. 

Although complex trading strategies can generate significant profits for investors, a recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver impressive results.

In February 2016, Ether (ETH) traded at around $5 per token. Back then, an investor bought 16,636 ETH on the crypto exchange ShapeShift. Chinese crypto data account EmberCN said the tokens were acquired at $5.23 per token, putting the total cost at $87,006.

Trader moves millions in ETH after eight years. Source: Etherscan

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The Ether whale started selling tokens on Sept. 16, with over $38 million in ETH still in its wallets. 
Although complex trading strategies can generate significant profits for investors, a recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver impressive results.In February 2016, Ether (ETH) traded at around $5 per token. Back then, an investor bought 16,636 ETH on the crypto exchange ShapeShift. Chinese crypto data account EmberCN said the tokens were acquired at $5.23 per token, putting the total cost at $87,006.Trader moves millions in ETH after eight years. Source: EtherscanRead more