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A certain Ethereum ICO participant first deposited 1,500 ETH into a CEX, having previously spent $6,220 to acquire 20,000 ETH.

By: theblockbeats.news|2025/10/29 05:48:08

BlockBeats News, October 29th, according to OnchainLens monitoring, a early Ethereum ICO participant made the first deposit of 1,500 ETH to Kraken, worth about $6.02 million.

The participant had acquired 20,000 ETH in the early days for $6,220, now worth about $80.3 million, representing a staggering ROI of 12,914x.

Address: 0x60dd4ef6585541e3b2fda3f952dfd45699b1e932

「Cool-headed Whale」 initiated a high-level averaging down short position, with a position size reaching $79.7 million. In two days, managed to reduce floating losses from 150% to 27%.

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