Ethereum Investor Turns $7,000 Into $27,000,000 on New Years Eve Trade: On-Chain Data

Ethereum (ethereum) investor recently hit $7,000 in ETH They received another crypto asset worth $27 million in 2014.

Blockchain tracking Twitter account Lookonchain first reported that on the last day of 2022, Ethereum Initial Coin Offering (ICO) participants exchanged 22,340 ETH for 20,544.14 WSTETH.

ETH ICO took place in 2014. At that time, an Ethereum investor received a total of 150,000 ETH at his ETH ICO price of around $0.31. At that time, 22,340 ETH was worth only around $6,925 and the investor was 20,544.14 WSTETH. traded was worth $27 million.

“ETH ICO participants exchanged 22,340 ETH for 20,544.14 wstETH ($27 million) on the last day of 2022.

This ETH ICO participant received 150,000 ETH on Ethereum Genesis. ETH ICO price is ~$0.31. “

Source: Lookonchain/Twitter
Source: Lookonchain/Twitter

WSTETH is Lido Staked Ether (Steth). Lido offers decentralized liquid staking on Ethereum 2.0 using ERC20 stETH tokens on a 1:1 basis of ETH, with a potential proportional to the amount staked compared to the overall ETH total stake. rewards.

Describes the Lido website.

“Wrapping stETH creates a DeFi-compatible version of the stETH token, making it easier to integrate with DeFi protocols like Uniswap and MakerDao.”

Ethereum is trading at $1,254 at the time of writing. The second largest crypto asset by market capitalization is up more than 2% in the last 24 hours and more than 5% in the last 7 days. ETH is down more than 74% from his all-time high of $4,878 set in November 2021.

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