Gene Klein, an American singer and entrepreneur, professionally known as Gene Simmons, has recently revealed to the crypto community that he purchased $300,000 worth of Ethereum (ETH) four months ago via Gemini exchange.
Simmons, popularly known for being the frontman of the band known as “Kiss”, also revealed that the purchase was made simple by Winklevoss twins, the co-owners of Gemini exchange, Tyler and Cameron Winklevoss.
The popular singer revealed his huge investment in Ethereum (ETH) via a viral tweet on 13th February 2021.
Gene Simmons, tweeted, “About 4 months ago, I bought $300k of Ethereum Ethereum through Gemini and Tyler/Cameron Winklevoss. Thought you’d like to know.”
— Gene Simmons (@genesimmons) February 13, 2021
$300,000 Investment in Ethereum (ETH) Becomes $1.376 Million in 4 Months
According to Gene Simmons, he bought the $300 Ethereum (ETH) 4 months ago, which makes the actual date of the purchase possibly 13th October 2021. Back then, the digital currency was trading around $394.
At the time of writing, Ethereum (ETH) is trading at $1,808, indicating that his investment 4 months ago has gained 4.59 times more.
So, Simmon’s initial purchase is now valued at $1.376 Million with the potential to keep surging towards higher highs, considering the current bullish moment of Ethereum (ETH), the second-largest cryptocurrency by market capitalization.
Ethereum Reclaims $1,800 and Could Test $2k
With respect to price, Ethereum is once again trading above the important $1,800 zone that is key to ETH posting a new all-time high closer to the highly anticipated $2k ceiling.
The weekly close is a few hours away and the cryptocurrency could very well remain bullish above this level as the new week kicks in.
Another thing that is worthy of note is that Grayscale has been scooping up a lot of Ethereum since the year began and the momentum could be maintained going forward.
This in turn means that Ethereum (ETH) could keep surging to new price highs fueled by institutional interest through Grayscale and the CME Ethereum futures contracts.
HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.