The HODL strategy applied by early investors in the cryptocurrency world continues to pay off the investment made many times over in the long term. An Ether investor also sold the Ether he started buying 7 years ago today.

According to the information provided by the on-chain data platform Lookonchain, the person who started buying Ether in March 2017 and continued these purchases until April 2021 sold 17,770 ETH for $62 million.

The person, who made his sale at $3500 per Ether, spent a total of $2.6 million. The average investment was $182. This person, who made more than 14 thousand of the purchases from the Gemini and Bittrex exchange, made 23-fold profit. The profit level was $59 million.

Ether, which rose to $1400 in the 2017 bull season, dropped to $80 in the subsequent 3-year harsh bear season. The second largest cryptocurrency, which rose to $4900 in the 2021 bull season, fell below $1000 in the Terra LUNA and FTX crises.