According to Lookonchain monitoring, during the market downturn, an early Ethereum OG address has resumed bottom-fishing operations. So far, this address has bought approximately 3,942 ETH, worth about $8,080,000, with an average buy price of around $2,049. It may continue to accumulate more later. About 10 years ago, it obtained 12,001 ETH from ShapeShift at roughly $7.58 per ETH. More than a year ago, it sold all its ETH at about $2,856 per ETH, receiving 34.3 million USD Coin in return, for a total profit of approximately $34.2 million, representing an investment return of as high as 376x.

MarsBitNews

2026-05-23 13:04:52

Abstract generation in progress

Mars Finance News, according to Lookonchain monitoring, as the market declines, an early Ethereum OG address has resumed buying the dip. On-chain data shows that this address has accumulated a total of 3,942 ETH, worth approximately $8.08 million, with an average purchase price of about $2,049, and may continue to increase its holdings. Data indicates that this address previously received 12,001 ETH from ShapeShift about 10 years ago at an average price of approximately $7.58. Subsequently, over a year ago, it sold all its ETH at an average price of about $2,856, exchanging for 34.3 million USD Coin, with total profits of approximately $34.2 million, achieving a return on investment of 376 times.

ETH2.7%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
9
1
Share

Comment

Add a comment

DaoSideQuest

· 10h ago

The assets bought from ShapeShift ten years ago have gone through several platform changes by now.

View OriginalReply0

NonceWhisperer

· 12h ago

Average 2049, I know this price well, just sold recently

View OriginalReply0

午休看TVL

· 13h ago

Calling it bottom-fishing from 7 to over 2000+ redefines what a bottom is.

View OriginalReply0

GateUser-6857a9c9

· 13h ago

USDC has finally come in handy after lying dormant for over a year.

View OriginalReply0

GlassDomeBaskingInMoonlight

· 13h ago

I want to monitor my address, just want to know if anyone is watching.

View OriginalReply0

SmallPosition,BigMouth

· 13h ago

This address is an ETH fossil, still active after ten years.

View OriginalReply0

SlippageSailor

· 13h ago

Others panic while I am greedy, others suffer small losses while I go bankrupt

View OriginalReply0

BridgeWhisperer

· 13h ago

376 times... I've been trading for three years and am still on the path to breaking even

View OriginalReply0

BlackVelvetKey

· 13h ago

7.58 to 2049, this cost curve is clearer than my life plan

View OriginalReply0

Trending Topics
View More
#
TradfiTradingChallenge
317.84K Popularity
#
PlatinumCardCreatorExclusive
114.56K Popularity
#
DailyPolymarketHotspot
1.05M Popularity
#
GateSquarePizzaDay
648.31K Popularity
#
SpaceXOfficiallyFilesforIPO
567.07K Popularity

Pinned

Sitemap

Data: Ethereum OG, who previously achieved 376x returns, is buying the dip again, having purchased over $8 million worth of ETH

Trending Topics

TradfiTradingChallenge

PlatinumCardCreatorExclusive

DailyPolymarketHotspot

GateSquarePizzaDay

SpaceXOfficiallyFilesforIPO

Pinned