Whales of the Bitcoin Era Suddenly Reawaken, After a Full Decade
Someone Stayed on a Bitcoin Address for 10 Years, Only to Reactivate It, With $115.4 Million in Bitcoin
A long-inactive Bitcoin address, which was reactivated for the first time last Saturday, contains $115.4 million worth of Bitcoin, according to WhaleAlert.
Bitcoin was worth only $440 a decade ago, which means that the whales’ wealth has increased by more than 15,600%. At this moment, the largest cryptocurrency is trading at $69,331 on the Bitstamp exchange, according to data from CoinGecko.
The newly reactivated whale address has attracted a lot of interest from the cryptocurrency community, with cryptocurrency enthusiasts speculating on the possible reasons behind its sudden reawakening. Some believe that it could be an investor with a firm belief in Bitcoin.
Others believe that the investor may have simply lost and then somehow managed to recover the keys to his Bitcoin fortune.
It is worth mentioning that the reactivation of this address with $115.4 million in Bitcoin occurred before the upcoming halving event, which will reduce the block subsidy reward to 3,125 BTC.
It is not clear if the two events are somehow connected. However, some social media users speculated that the whale may have started selling before the halving event.
It is worth mentioning that the world has not heard from Bitcoin creator Satoshi Nakamoto since 2014.
He briefly reappeared at that time to dispel Newsweek's article about Dorian Nakamoto, mistakenly identifying him as the creator of Bitcoin. Several significant transactions have occurred regarding Bitcoin addresses from the Satoshi era. For example, in 2022, a 2013 whale moved more than $100 million in Bitcoin.
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