Ethereum OG Reinvests $4.26M in ETH Amid Market Dip

2026-05-16 21:54

An Ethereum original investor, who previously made a staggering $30.5 million profit from an 803x return, is seizing the opportunity to buy Ethereum during the current market downturn. This investor initially acquired 11,005 ETH from ShapeShift at $3.46 each a decade ago and sold them over a year ago for $30.56 million USDC at $2,777 per ETH. In response to the recent decline in Ethereum's price, the investor has reinvested $4.26 million USDC to purchase 1,951 ETH at $2,182 each. The investor's actions suggest continued confidence in Ethereum's long-term potential, with indications that further purchases may follow.

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