Some are cutting their losses, others are bottom-fishing—OG’s address is filled with the words “cycle.”

ME News report: On May 16 (UTC+8), according to Lookonchain monitoring, an Ethereum OG bought ETH during a market downturn. This address received 11,005 ETH from ShapeShift 10 years ago, at $3.46 per unit. More than a year ago, the address sold the aforementioned ETH for $2,777, receiving 30.56 million USDC, for a profit of $30.5 million, with a return of 803.