A deep-pocketed crypto holder who bought Bitcoin (BTC) more than 14 years ago has suddenly moved the flagship digital asset at a massive profit.
On-chain data shows that on Friday, the previously dormant crypto wallet abruptly moved a Bitcoin stack at recorded gains of 169,358,650%.
Says blockchain tracker Whale Alert,
“A dormant address containing 50 BTC ($3,387,175) has just been activated after 14.3 years (worth $2 in 2010)!”
Also on Friday, on-chain data shows an even larger Bitcoin holder, who was dormant for more than a decade, shifting hundreds of BTC at a 1,269,551% profit.
“A dormant address containing 400 BTC ($27,284,805) has just been activated after 12.4 years (worth $2,149 in 2012)!”
On Thursday, Whale Alert spotted another deep-pocketed Bitcoin holder waking up after more than 13 years to relocate their BTC stack at a 394,933% gain.
“A dormant address containing 150 BTC ($10,033,846) has just been activated after 13.3 years (worth $2,540 in 2011)!”
On Tuesday, an investor that held over two dozen Bitcoin for more than a decade transferred their BTC holdings, according to Whale Alert.
“A dormant address containing 27 BTC ($1,825,303) has just been activated after 10.8 years!”
Lastly, Whale Alert spotted a long-dormant Bitcoin holder shifting their BTC trove on Sunday at a 9,228% profit.
“A dormant address containing 21 BTC ($1,516,136) has just been activated after 10.9 years (worth $16,252 in 2013)!”
Bitcoin is trading for $66,684 at time of writing, down 2.1% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Daily Hodl Staff
https://dailyhodl.com/2024/10/26/ancient-bitcoin-wallet-awakens-after-hibernating-for-14-years-moves-3387175-in-btc-at-169358650-profit/
2024-10-26 20:00:25
