Svmuureports that with the market decline, an early Ethereum OG address has once again started buying the dip. On-chain data shows that this address has accumulated a total of 3,942 ETH, valued at approximately $8.08 million, with an average purchase price of around $2,049. It is expected to continue increasing its holdings.
Data indicates that this address originally obtained 12,001 ETH from ShapeShift at an average price of about $7.58 about ten years ago. Subsequently, a little over a year ago, it sold all its ETH at an average price of roughly $2,856, receiving 34.3 million USD Coin in return, netting a total profit of approximately $34.2 million and achieving an impressive return on investment of 376 times.