An Ethereum OG spent 4.26 million USDC to buy 1951 ETH today.

CoinFeed reported on May 16th that, according to Lookonchain monitoring, an Ethereum OG (Original Expert) bought ETH during a market downturn. Ten years ago, this OG received 11,005 ETH from ShapeShift at $3.46 per ETH. Over a year ago, they sold these ETH at $2,777 per ETH, receiving 30.56 million USDC, a profit of $30.5 million, representing an 803-fold return. After today's ETH price drop, they resumed buying, having already spent 4.26 million USDC to purchase 1,951 ETH at $2,182 per ETH, and may continue buying.