The Ether whale started selling tokens on Sept. 16, with over $38 million in ETH still in its wallets.
Although complex trading strategies can generate significant profits for investors, a recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver impressive results.
In February 2016, Ether (ETH) traded at around $5 per token. Back then, an investor bought 16,636 ETH on the crypto exchange ShapeShift. Chinese crypto data account EmberCN said the tokens were acquired at $5.23 per token, putting the total cost at $87,006.
Trader moves millions in ETH after eight years. Source: Etherscan
