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Patricio Worthalter makes a massive sale of ETH after holding the position for two years
Patricio Worthalter, a major cryptocurrency accumulator, has executed a significant transaction in his investment portfolio. According to tracking by Onchain Lens and reported by Jinse Finance, this investor sold a substantial amount of Ethereum after a prolonged holding period.
Details of the transaction
Patricio Worthalter converted 2,000 ETH into 8.85 million USDC. With Ethereum currently trading around $1,970, this transaction represents a cash equivalent of approximately $3.94 million based on current valuation. However, according to the original transaction records, the investor exchanged his tokens at an average price of $4,423 per ETH during the operation.
Gains from the sale
The transaction generated significant profits for the holder. Patricio Worthalter achieved a capital gain of $5.37 million from this Ethereum sale. This profit reflects the substantial increase in the digital asset’s value over the two-year period he held it in his portfolio.
Current market position
After this transaction, Patricio Worthalter maintains a considerable position in Ethereum. The investor still holds 41,135 ETH. Based on the current price of $1,970 per token, this amount is valued at approximately $81 million, demonstrating that he remains a significant accumulator of the leading decentralized network.