Early Ethereum Investor Turned $15.5K into $121.85 Million
The post Early Ethereum Investor Turned $15.5K into $121.85 Million appeared on BitcoinEthereumNews.com.
After days of challenging conditions, the crypto market has finally lifted in terms of a bullish push. Today has been the most promising, with a 3.82% increase in the global market capitalization, bringing it to a total of $2.15 Trillion. More importantly, a major improvement is seen in the investor’s sentiments, from the earlier environment of fear to neutral. Even Bitcoin price surged to $62K, and Ethereum’s 5% recovery to $2,430 has opened the profiting crypto trading opportunities for traders. Because of this, an Ethereum investor has returned to the market to make $12.85 Million from his earlier $15.5 K investment. Ethereum Investor Won the $121.85M Crypto Trading Bet Ethereum is the second biggest cryptocurrency, giving tough competition to Bitcoin. However, its performance has not been the best this year, especially this quarter, as the Ethereum price has plummeted 30%. Despite that, an early crypto ICO participant has come out of dormancy, depositing 10,000 ETH worth $23.37 Million on one of the most popular crypto exchanges, Kraken. An #Ethereum ICO participant deposited 10,000 $ETH($24.37M) into #Kraken 15 minutes ago after being dormant for 2 years! The participant received 50,000 $ETH(ICO cost was $15.5K, now worth $121.85M) at #GENESIS.https://t.co/cuEosgIONq pic.twitter.com/PK4KePNFvu — Lookonchain (@lookonchain) September 19, 2024 The Lookonchain, a popular crypto analytics platform, has tracked this Ethereum investor’s deposit after being dormant for two years. As per the platform’s crypto news, the investor received 50,000 ETH in an ICO worth $15.5K two years ago, but today the same is worth $121.85, making a profit of $121,834,500. After March’s bullish rally, another is on its way, as many analysts have predicted the same for the upcoming Uptober, a month historically seen as full of profits. Moreover, Ali, a crypto analyst, indicated the upcoming bull run. #Bitcoin attempts to break through an…
Filed under: News - @ September 19, 2024 8:26 pm