Ethereum OG Re-Enters Market, Buys Over $8M in ETH

KuCoinFlash

Release Time: 05/23/2026 10:45:34

ETH

$1,597.39-9.46%

Summary

An Ethereum OG address has re-entered the market, purchasing 3,942 ETH at an average price of $2,049 per ETH, totaling $8.08 million. This move follows analysis indicating a market downturn. The same address previously bought 12,010 ETH at $7.58 from ShapeShift and sold them at $2,856, realizing a 376x return of $34.2 million.

Odaily Planet Daily reports, according to Lookonchain monitoring, as the market declines, an early Ethereum OG address has resumed buying the dip. On-chain data shows that the address has accumulated a total of 3,942 ETH, worth approximately $8.08 million, with an average purchase price of around $2,049, and may continue to increase its holdings.

Data shows that this address acquired 12,001 ETH from ShapeShift at an average price of approximately $7.58 ten years ago. More than a year ago, it sold all of its ETH at an average price of around $2,856, receiving 34.3 million USD Coin in return, resulting in a total profit of approximately $34.2 million and a return on investment of 376x.

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