The ancient Bitcoin (BTC) whale has just woken up from nearly 11 years of hibernation.
Blockchain tracking bot Whale Alert said on social media platform X that whale wallets that were worth less than $100,000 in 2014 are now worth millions of dollars.
“A dormant address containing 100 BTC (6,113,890 USD) was activated after 10.8 years (2014 value of 83,492 USD)!”
Bitcoin’s massive price rise over the past decade has seen the wallet rise more than 7,222% and into green territory.
After the wallet received 100 BTC on January 4, 2014, nothing happened until today when the 100 BTC was sent to a different address.
Whale Alert noticed similar whale activity last week, with millions of dollars in Bitcoin moved from ancient addresses.
“A dormant address containing 99 BTC (US$6,097,440) was activated after 10.7 years (worth US$83,068 in 2014)!”
In total, the two whales moved 199 BTC, worth over $12 million.
Last month, a similar transfer was made by a BTC miner who had been unloading rewards since 2009.
“Note that many miner wallets that have been dormant for more than 15.5 years are transferring BTC…These wallets received 50 BTC in mining rewards per block in 2009.”
At the time of writing, Bitcoin is trading at $61,983, up slightly over the past 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
