According to Lookonchain monitoring, as the market declines, an early Ethereum OG address has once again started bottom-fishing. On-chain data shows that this address has accumulated 3,942 ETH, worth approximately 8.08 million dollars, with an average purchase price of about 2,049 dollars, and may continue to increase its holdings.
Data shows that this address acquired 12,001 ETH from ShapeShift at an average price of about 7.58 dollars ten years ago. Subsequently, it sold all its ETH over a year ago at an average price of about 2,856 dollars, exchanging for 34.3 million USD Coin, with a total profit of approximately 34.2 million dollars, achieving an investment return rate of up to 376 times.
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Global markets consolidated over the weekend. SanDisk benefited from strong AI data-center demand, long-term customer contracts, and improving expectations for the storage supply-demand balance. SpaceX-related names also performed well. Precious metals held near elevated levels, while Bitcoin moved toward $75,000 and continued to support crypto-financial stocks. Markets are now focused on Pinduoduo’s earnings and the impact of future rate expectations on technology and small-cap valuations.