Ethereum Investor Sees 156x Return After Selling Another $2.68 Million

An Ethereum investor has sold another $2.68 million worth of cryptocurrency, bringing their total profit to about $8.8 million. According to Lookonchain's September 29 post, the investor initially purchased 3,000 ETH for around $56,500 in 2020 or earlier.

The sale included 1,000 ETH, which were sold at an average price of $3,096. This generated about $6.19 million in proceeds. The investor's remaining balance is 1,000 ETH, worth approximately $2.67 million.

This means that the investor's total profit includes both the gains from sales and the value of their unsold holdings. Lookonchain described this as a 156x return on their initial investment.