- Gene Simmons has gained about $1.376 million after purchasing Ethereum.
- According to Gene, he bought the ETH on the Gemini exchange with the help of Tyler and Cameron Winklevoss.
- Gene’s $1.376 million gain is based on current ETH market prices.
American musician Gene Simmons purchased about $300,000 worth of Ethereum four months back according to a tweet. In addition, Gene revealed he bought the said amount of ETH via the Gemini cryptocurrency exchange with help from Tyler and Cameron Winklevoss.
Gene purchased his Ethereum at the time when ETH was trading at $394. As per a report, Gene’s ETH investment will have now increased in value to about $1.376M. This is as a result of the current Ethereum market growth.
According to CoinGecko data, Ethereum’s price is now at $1,762 with a 24-hour trading volume of $35,3 billion at the time of writing. Looking at the current ETH market, there is a possibility that Gene’s $1.376 million will increase if Ethereum continues to be bullish.
Over the last few months, Gene has notably shown his interest in cryptocurrency not only Ethereum. Amid the Dogecoin price surge sensation, Gene said that he bought DOGE. Gene revealed that he bought DOGE following Tesla CEO Elon Musk and Snoop Dogg reactions.
When this year started, many heavyweight companies like Grayscale, CME Group, etc have shown a marked interest in Ethereum. There is an expectation that institutional interest will cause an additional spike in Ethereum’s price.