Ancient Bitcoin Whale Awakens, Abruptly Moves $60,700,000 in BTC with 4,258% Gain After Lying Low Since 2013
A long-dormant Bitcoin (BTC) whale is suddenly waking up after lying low for over nine years, according to on-chain data.
Blockchain tracker Lookonchain reveals that the address, which had previously traded in December 2013, has transferred 2,071.5 Bitcoin worth approximately $60.7 million.
The address originally received 6,071.48 Bitcoin on December 19, 2013, when the price was $663, and now has a balance of just under 4,000 BTC.
“A whale with 6,071.5 BTC ($178 million) that has been dormant for 9.3 years transferred 2,071.5 BTC ($60.7 million) out today.
And 2,071.5 BTC was finally transferred to the address starting with ‘bc1q.’
The whale received 6,071.5 BTC on December 19, 2013, when the price was $663.”
According to Lookonchain, the price of Bitcoin when the wallet was first created was in three figures. With Bitcoin trading at $28,894 at the time of writing, BTC has recorded a gain of 4,258%.
During the wallet’s nine-year dormancy period, trace amounts of Bitcoin, typically cents worth of BTC, were sent to the address, indicating that dust attacks may have occurred. Dust attacks usually occur for various reasons, including academic research, espionage as well as criminal intent.
Remarkable activity on long-dormant wallets usually attracts attention due to the possibility that it can be linked to the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The pseudonymous Bitcoin creator’s last online activity was in December 2010 on the Bitcoin Talk online forum. Satoshi is known to own hundreds of thousands of Bitcoin, and blockchain researcher Sergio Lerner estimates the number to be in excess of one million BTC.
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