According to data from BitInfoChart, a#Bitcoinwallet address believed to belong to a "whale" has suddenly become active again after 13 years of no transactions. Notably, this wallet address currently holds more than $3 million worth of Bitcoin, equivalent to 59.72 BTC, purchased between November 2011 and December 2012, when Bitcoin's price fluctuated around $2-3.
This wallet address purchased a large amount of Bitcoin at a time when the digital asset was not yet widely popular and was only of interest to a small group of venture capitalists.
With a total value of 59.72 BTC, the amount that this "whale" spent was only about 351 USD at the time of purchase. However, with the skyrocketing price of Bitcoin over the past 13 years, the current value of this BTC has reached more than 3 million USD.
This wallet address has caused a stir in the cryptocurrency community when it made a transfer worth only about $1.46.
While this is a very small number compared to the total BTC held, the move could be a test to test the wallet's security and accessibility after a long period of inactivity.
This also raises questions about whether the wallet owner intends to liquidate these Bitcoins, and if so, how this will impact the market.
