According to on-chain analytics platform Lookonchain (@lookonchain), as ETH declined, an Ethereum OG who previously realized a $34.2 million profit has repurchased ETH, acquiring 3,942 ETH at an average price of approximately $2,049, for a total value of around $8.08 million. Data shows that this address originally acquired 12,001 ETH from ShapeShift ten years ago at $7.58 per ETH and sold them over a year ago at an average price of approximately $2,856, receiving 34.3 million USDC in return.
Ethereum OG Buys 3,942 ETH Worth $8.08M Amid Price Decline
TechFlowShare
Summary
Ethereum’s price recently dipped, but a long-term holder added 3,942 ETH at $2,049, totaling $8.08 million. The same address originally purchased 12,001 ETH for $7.58 million from ShapeShift a decade ago and sold it last year for $2,856, netting $34.2 million. Ethereum’s current price shows mixed signals as whale activity rises.
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