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Bitcoin whale wakes up after 12 years to move $84 million fortune
Source: CryptoNewsNet Original Title: Bitcoin whale wakes up after 12 years to move $84 million fortune Original Link: Imagine discovering a dusty 2013 lottery ticket stashed under your mattress, now worth $84 million. You’d rush to cash it in or at least move it to a secure place.
A bitcoin whale’s massive on-chain move after over 12 years of dormancy gives off the exact same vibe.
Late Monday, an ancient address moved 909 BTC, worth over $84 million, to a new address. This wallet first accumulated bitcoin in 2013, when the cryptocurrency’s price was less than $7, which means it is sitting on an unrealized gain of over 13,000%.
The old whale’s on-chain move fits a pattern observed after BTC smashed past $100,000 last year, jolting dormant addresses loaded with massive paper profits back to life.