Bitcoin whale wakes up after 12 years: Danger is increasing!

A dormant wallet containing 1000 Bitcoin made a transfer worth over 60 million dollars for the first time in about 12 years on Sunday.

The wallet received BTC 11 years 9 months ago, according to on-chain data, and had not made any outgoing transactions until Sunday, at which point the wallet sent 1,000 BTC to a new address. However, according to Blockchain.com data, this transaction was first broadcast on January 19, 2024.

Bitcoin rose, whales are on the move

When the wallet first acquired BTC, which was initially detected by the onchain platform Whale, the value of the assets was only $12,100 according to historical price data. After holding onto the coins for approximately twelve years, the wallet saw an increase of about 500,000 percent in the value of the coins.

The reason for the transfer and the identity of the wallet owner are still unknown. However, when the transaction was first broadcast on the network, the assets were worth approximately $41.6 million. The delay between the transaction being broadcast and actually being mined means that due to the increase in the price of Bitcoin, it is now worth approximately $20 million more.

Just ten days ago, another wallet that had been dormant for over twelve years woke up and transferred around 7 million dollars

On May 12th, for the first time in 10 years, more than 1,000 BTC worth over 60 million dollars were transferred. This was followed by a transfer of 687.33 BTC worth over 44 million dollars, which was also the first in 10 years, just a week ago.

In March, the fifth richest address in the Bitcoin blockchain, which has been inactive since 2019, moved 6 billion dollars. Another organization also consolidated 140 million dollars of bitcoin mined in 2010 into a single wallet in the same month.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.