Ethereum Investor’s $120 Presale Investment Grows to $900,000
- An early Ethereum investor moved a total of 400 ETH, valued at approximately $900,000.
- The investor initially purchased ETH for about $120 during the Ethereum presale in 2015.
- The wallet transferred 50 ETH to a new address and deposited the remaining 350 ETH to Bitstamp.
- This transaction was flagged by Arkham on May 14, indicating a return of over 7,500 times the original investment.
The move by this long-dormant Ethereum wallet comes amid a period of stability for both Bitcoin and Ethereum, as noted by QCP Capital’s market analysis. The timing suggests strategic positioning in response to current market conditions.
This transaction highlights one of the most profitable exits within the Ethereum ecosystem, showcasing the potential rewards of early-stage investments in cryptocurrency markets. ( Source )
