Saturday, July 26, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Investor Makes $131.7M by Holding Ethereum for Two Years

by SB Crypto Guru News
September 23, 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


An investor has managed to turn a $151.42 million investment in Ether (ETH) into a $131.72 million profit over the course of two years.

According to blockchain sleuth Lookonchain, the investor made the purchase during a bear market on September 3 and 4, 2022, buying 96,639 ETH from Coinbase at a price of around $1,567 per coin.

Fast forward to 2024, and Ether’s price had surged to $3,062. Since March, the investor has gradually transferred 70,000 ETH—roughly 72% of their original holdings—to the Kraken crypto exchange through several transactions. At the higher market price, this portion was valued at $214.34 million, resulting in a significant profit.

What is Monero? XMR Animated Explainer

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

What is Monero? XMR Animated Explainer

What is Monero? XMR Animated Explainer
What is Monero? XMR Animated Explainer

Despite transferring a large portion of their holdings, the investor still holds 26,639 ETH in their wallet from the initial buy, worth approximately $68.81 million at current prices.

This massive profit underscores the potential rewards of patient investing, especially during times of market volatility. The investor’s strategy of holding onto their assets while others may have panicked allowed them to ride out the market fluctuations and realize significant gains.

In other news, in May, a separate trader turned $2,275 into $2.26 million within eight hours by investing in a memecoin. However, some X users raised suspicions, suggesting the trader may have been an insider.

Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.




Source link

Tags: 131.7MBitcoin NewsCrypto NewsCrypto UpdatesethereumHoldingInvestorLatest News on CryptoSB Crypto Guru Newsyears
Previous Post

BaFin Study Reveals over 50% Trust Social Media and Finfluencers

Next Post

Why ETFs are an investor favourite

Related Posts

Citi’s Bullish Bitcoin Outlook: 5,000 by 2025’s End

Citi’s Bullish Bitcoin Outlook: $135,000 by 2025’s End

by SB Crypto Guru News
July 26, 2025
0

Citigroup projects bitcoin could reach $135,000 by the end of 2025 in its base-case scenario, driven by strong demand from...

Ethereum Validator Exit Queue Explodes To 521,000 ETH ATH, What This Means

Ethereum Validator Exit Queue Explodes To 521,000 ETH ATH, What This Means

by SB Crypto Guru News
July 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum staking validator Everstake has announced that...

Revolut Restarts Crypto Staking in Hungary Following Regulatory Review

Revolut Restarts Crypto Staking in Hungary Following Regulatory Review

by SB Crypto Guru News
July 25, 2025
0

Executive Interview with Costas Michael from Revolut Cyprus | iFX EXPO International 2025 Executive Interview with Costas Michael from Revolut...

Vietnam Launches NDAChain for National Digital ID System

Vietnam Launches NDAChain for National Digital ID System

by SB Crypto Guru News
July 25, 2025
0

Enjoyed this article? Share it with your friends! Vietnam has launched a national blockchain system to support the digital tools...

Snorter Presale Passes .2M — A Notable Altcoin in the Telegram Trading Bot Space

Snorter Presale Passes $2.2M — A Notable Altcoin in the Telegram Trading Bot Space

by SB Crypto Guru News
July 25, 2025
0

The crypto market has shown positive trends recently, with many coins experiencing gains. The global market cap has jumped to...

Load More
Next Post
Why ETFs are an investor favourite

Why ETFs are an investor favourite

How to Avoid 4 Logical Fallacies That Are Hurting Your Business

How to Avoid 4 Logical Fallacies That Are Hurting Your Business

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.