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Genius move: $125,000 go long ETH rollover to $25 million unrealized gains nearly 200 times
[Chain News] PANews reported on August 16 that, according to monitoring, a certain Address started rolling over with only $125,000 to go long on ETH in April, and it has now grown to $25 million.
Start going long at the lowest point of this address this year: ETH in April, which transferred 125,000 USDC from two addresses on a certain trading platform to start going long on ETH on a certain platform. The price of the first long position in ETH was $1,490, at the lowest point of the year.
Floating profit rollover to snowball: After starting to go long on ETH, ETH has been rising all the way, and through continuous floating profit and snowballing, the position has rolled from a few hundred ETH at the beginning to now 66,000 ETH, with a position value of 300 million dollars. The last increase was at 9 AM yesterday.
Floating profit: Starting from $125,000, the floating profit has reached $24,780,000 now. And when ETH peaked at $4,788 two days ago, the floating profit even reached $43,000,000.
Current position status of the two Addresses: