💥💥💥 524,701% Profit on #bitcoin☀️ Celebrated by Whale🐳🐳🐳After 11.8 Years of Inactivity
Dormant Bitcoin Wallet Returns, Revealing Massive Profits
- Whale Alert, a popular blockchain tracker, has reported that a long-dormant Bitcoin wallet has been reactivated after 11.8 years. This wallet, last touched in 2012, holds 37 BTC, which have appreciated substantially since then.
Ancient Wallet’s Remarkable Profit Surge
- When the #wallet🔥 was last active, Bitcoin was valued at just $476. As of July 2024, the value of this $BTC has soared to $2,498,054, representing an astonishing profit growth of 524,701%. This dramatic increase underscores the incredible returns that early Bitcoin holders have seen.
Surge in Dormant Wallet Reactivations
- Whale Alert has also highlighted other dormant Bitcoin wallets reawakening, each containing millions in BTC. These reactivations often occur when owners finally locate their private keys, having lost track of them or forgotten about their holdings.
- In some cases, holders have simply waited patiently as Bitcoin’s value steadily increased over the past decade, only recently deciding to realize their profits.
Bitcoin's Recent Milestones
- This year, Bitcoin reached a new all-time high of $73,750 on March 14, driven by two key factors. The first was a significant buying spree by spot BTC ETFs, which acquired approximately 10,000 BTC per week starting in January. The second was the anticipation of Bitcoin’s fourth halving event, which took place on April 20 and reduced miners' block rewards from 6.25 BTC to 3.125 BTC.
- These events have contributed to Bitcoin’s remarkable growth, illustrating the potential for substantial returns on early investments in the cryptocurrency.
Source - u.today
