Dormant BTC Whale Wakes Up, Sends $60 Million For the First Time in 9 Years

By akohad Apr20,2023

[ad_1]

A Bitcoin wallet that stayed dormant for more than nine years has recently sent out 2,071.5 BTC (worth over $60 million).

The address received a total of 6,071.5 BTC at the end of 2013, when the price of the primary cryptocurrency hovered around $663.

  • Lookonchain revealed that the mysterious whale transferred the assets on April 20 after the wallet remained untouched for nine years and four months. The 2,071.5 BTC were sent to an address starting with “bc1q.”
  • The entire stash of 6,071.5 BTC was worth approximately $4 million on December 19 (the day when the wallet initially received the coins).
  • Those holdings are currently worth around $176 million.
  • The reason behind the move is unknown. Nonetheless, some speculate that crypto investors with substantial possessions have started moving old funds to new addresses as a protection measure. 
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.



[ad_2]

Source link

By akohad

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *