{"id":5851,"date":"2024-09-16T21:37:43","date_gmt":"2024-09-16T21:37:43","guid":{"rendered":"https:\/\/cryptd.in\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\/"},"modified":"2024-09-16T21:37:43","modified_gmt":"2024-09-16T21:37:43","slug":"dormant-whale-sells-350-eth-reaping-massive-446x-gain","status":"publish","type":"post","link":"https:\/\/cryptd.in\/de\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\/","title":{"rendered":"Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain"},"content":{"rendered":"<p>An early Ethereum (ETH) investor who received 16,636 ETH in 2016 has sold a portion of their holdings, marking an extraordinary return on investment.<\/p>\n<p>According to on-chain data <a href=\"https:\/\/x.com\/EmberCN\/status\/1835480135849607338\" target=\"_blank\" rel=\"noopener\">shared<\/a> by EmberCN, the whale originally acquired the Ethereum for $5.23 per token, totaling $87,135. As of September 16, 2024, that same amount of ETH is worth more than $37.6 million, representing an astonishing 446x increase in value.<\/p>\n<h2>Slumbering Trader Makes $819K Profit<\/h2>\n<p>The investor, who held onto their Ethereum for nearly eight and a half years, transferred the entire 16,636 ETH to a new wallet before selling 350 ETH at a price of $2,340 per token, realizing a profit of approximately $819,000.<\/p>\n<p>The sale came with the price of ETH hovering around $2,300, down from its recent one-month high of $2,820. However, despite the dip, the whale\u2019s long-term holding strategy has paid off significantly.nTheir transaction comes in the wake of a series of notable Ethereum movements from other dormant wallets.<\/p>\n<p>Recently, several large inoperative addresses have come back to life, with huge amounts of ETH being transferred after years of inactivity. For instance, on August 7, over 789,000 ETH, valued at $2 billion, were moved from wallets that had been asleep for 3.3 years. These wallets were linked to the infamous PlusToken Ponzi scheme <a href=\"https:\/\/cryptopotato.com\/bitcoin-and-cryptocurrency-worth-4-billion-seized-from-top-crypto-ponzi-group\/\" target=\"_blank\" rel=\"noopener\">dismantled<\/a> by Chinese authorities in November 2020.<\/p>\n<p>The movement raised curiosity within the crypto community, with many speculating whether the Chinese government was contemplating a move similar to Germany\u2019s when the latter <a href=\"https:\/\/cryptopotato.com\/another-reason-to-worry-germany-moves-94-7m-in-seized-bitcoin-to-exchanges\/\" target=\"_blank\" rel=\"noopener\">sold<\/a> nearly 50,000 BTC confiscated from criminal enterprises.<\/p>\n<p>In another instance, a wallet containing over 2,000 ETH, last active during the Ethereum Initial Coin Offering (ICO) in 2014, <a href=\"https:\/\/x.com\/whale_alert\/status\/1828000853665456550\" target=\"_blank\" rel=\"noopener\">reawakened<\/a> on August 26 after more than nine years of dormancy. Its contents, originally worth $620, are now valued at more than $5 million.<\/p>\n<h2>Long-Term ETH Holders in Profit<\/h2>\n<p>At the time of this writing, the world\u2019s second-largest cryptocurrency by market cap had seen 5.3% shaved off its price in 24 hours.<\/p>\n<p>Across 30 days, the loss is more marked, with ETH prices suffering an 11.8% dip in that period. Additionally, despite a slight 0.2% rise over the last seven days, ETH is underperforming the global crypto market, which is up by at least 1.30%.<\/p>\n<p>That being said, data shows that a majority of those holding the cryptocurrency are still making money. According to IntoTheBlock, 54% of the coin\u2019s owners are in profit at the current price, with 74% holding onto their assets for over a year.<\/p>\n<p>Der Posten <a href=\"https:\/\/cryptopotato.com\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\/\">Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain<\/a> erschien zuerst auf <a href=\"https:\/\/cryptopotato.com\/\">KryptoKartoffel<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>An early Ethereum (ETH) investor who received 16,636 ETH in 2016 has sold a portion of their holdings, marking an extraordinary return on investment. According to on-chain data shared by EmberCN, the whale originally acquired the Ethereum for $5.23 per token, totaling $87,135. As of September 16, 2024, that same amount of ETH is worth [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":5852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/de\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"An early Ethereum (ETH) investor who received 16,636 ETH in 2016 has sold a portion of their holdings, marking an extraordinary return on investment. According to on-chain data shared by EmberCN, the whale originally acquired the Ethereum for $5.23 per token, totaling $87,135. As of September 16, 2024, that same amount of ETH is worth [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/de\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-16T21:37:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data1\" content=\"2\u00a0Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain\",\"datePublished\":\"2024-09-16T21:37:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/\"},\"wordCount\":405,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum_Profit-vRGCFK.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/dormant-whale-sells-350-eth-reaping-massive-446x-gain\\\/\",\"name\":\"Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain - 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