Ethereum OG, once achieving 376x returns, buys the dip again, accumulating over $8 million in ETH

Odaily Planet Daily News: Amid the market downturn, an early Ethereum OG address has once again started buying the dip. On-chain data shows that this address has accumulated 3,942 ETH, worth approximately $8.08 million, with an average purchase price of around $2,049, and is expected to continue increasing its holdings.

Data indicates that this address acquired 12,001 ETH from ShapeShift about 10 years ago at an average price of around $7.58. Over a year ago, it then sold all ETH at an average price of approximately $2,856, converting it into 34.3 million USD Coin, realizing a cumulative profit of about $34.2 million, achieving an impressive return on investment of 376 times.