Ethereum Investor Turns $7,000 Into $27,000,000 on New Years Eve Trade: On-Chain Data

An Ethereum (ETH) investor recently turned $7,000 in ETH they received in 2014 into $27 million worth of another crypto asset.

The blockchain-tracking Twitter account Lookonchain first reported that an Ethereum initial coin offering (ICO) participant swapped 22,340 ETH for 20,544.14 WSTETH on the last day of 2022.

The ETH ICO happened in 2014. At the time, the Ethereum investor received 150,000 ETH in total at the ETH ICO price of about $0.31. The value of that 22,340 ETH at the time would have been only around $6,925, and the 20,544.14 WSTETH the investor traded for was worth $27 million.

Read Full Article: https://dailyhodl.com/2023/01/05/ethereum-investor-turns-7000-into-27000000-on-new-years-eve-trade-on-chain-data/

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2,000 mlx total
$0.00100555 total
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1,000 mlx paid to g/eth by @seattlejohn
1,000 mlx paid to g/eth by @danny

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