Ancient Bitcoin Whale Awakens: 1,004 BTC Moved After 10.6-Year Slumber

Ancient Bitcoin Whale Awakens: 1,004 BTC Moved After 10.6-Year Slumber

Dormant Bitcoin Wallet Stirs After 10 Years In a rare occurrence, a Bitcoin wallet that has remained inactive for an incredible 10.6 years has been reactivated and a hefty sum of 1,004 BTC (approximately $57 million) has been transferred to a new wallet. According to data provided by SpotOnChain, the dormant wallet received its Bitcoin holdings between 2013 and 2014 at an average price of around $731 per BTC. The recent movement marks a remarkable return for the early Bitcoin investor, who has seen their investment appreciate significantly over the past decade. Implications for the Crypto Market The re-emergence of this dormant whale could have implications for the cryptocurrency market. Whales, who hold large amounts of Bitcoin, can influence market movements by buying or selling significant amounts. The recent activation of this wallet suggests that whales may be preparing to take action, which could lead to increased volatility in the market. Surprises from the Crypto Realm The cryptocurrency world is known for its unexpected turns and surprises. The movement of this dormant whale is just one example of the unpredictable nature of this dynamic market. As the crypto landscape continues to evolve, it remains to be seen what other surprises may be in store for investors.