A long-dormant Ethereum investor sold about $188 million in ether and related tokens just before this month’s market crash, then began buying back at sharply lower prices, completing a textbook round trip.
A Well-Timed ExitThe trade is one of the cycle’s cleaner round trips against an otherwise rocky market, where a near-perfect exit ahead of the crash was followed by a disciplined re-entry at a steep discount. In a market that flushed out so many leveraged traders, Ethereum OG’s playbook is fast becoming a study in patience, one that other large investors might ape over the coming year, especially since conditions are expected to remain shaky for the foreseeable future.
