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๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, buckle up! A long-dormant Bitcoin whale has just woken up from a 5.5-year slumber, transferring a whopping 8,000 BTC (valued at $536.5 million) from Coinbase cold storage! ๐Ÿณ๐Ÿ’ฐ This is not a one-off event, folks! We're seeing a trend of long-term dormant Bitcoin wallets springing back to life. This usually happens when investors and old miners decide to sell their assets for profits. ๐Ÿ’ผ๐Ÿ’ธ This particular wallet, which had been inactive for over five years, transferred its massive stash on June 11. The Bitcoin was then moved to a Binance Deposit address, with a transaction fee of just $108. ๐Ÿ”„๐Ÿ’ผ Here's a fun fact: this wallet had been receiving funds in small chunks of 200 BTC between October and December 2018. With Bitcoin now priced at over $67,409, this transfer represents a +1,700% increase in value from the average acquisition price of $3,750 in 2018. Talk about a good investment! ๐Ÿ“ˆ๐Ÿ’ฐ But wait, there's more! This isn't the first time a long-term dormant Bitcoin address has woken up. Back in April, a decade-long dormant Bitcoin whale moved about 246 BTC, selling at over 230,000% return on investment. ๐Ÿš€๐Ÿณ Old miners are also joining the party, with one miner's wallet, dormant for over 14 years, recently moving about 2,000 BTC received as mining rewards in 2010. The value of this stash had surged from a few hundred dollars to $140 million! ๐ŸŽ‰๐Ÿ’ฐ On average, one dormant wallet has been waking up every month. A recent report indicated that about 1.8 million Bitcoin addresses have remained inactive for over a decade. Some may be lost forever due to forgotten passphrases. But who knows, maybe your long-lost Bitcoin wallet could be next! ๐ŸŽ๐Ÿ”‘

๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, buckle up! A long-dormant Bitcoin whale has just woken up from a 5.5-year slumber, transferring a whopping 8,000 BTC (valued at $536.5 million) from Coinbase cold storage! ๐Ÿณ๐Ÿ’ฐ

This is not a one-off event, folks! We're seeing a trend of long-term dormant Bitcoin wallets springing back to life. This usually happens when investors and old miners decide to sell their assets for profits. ๐Ÿ’ผ๐Ÿ’ธ

This particular wallet, which had been inactive for over five years, transferred its massive stash on June 11. The Bitcoin was then moved to a Binance Deposit address, with a transaction fee of just $108. ๐Ÿ”„๐Ÿ’ผ

Here's a fun fact: this wallet had been receiving funds in small chunks of 200 BTC between October and December 2018. With Bitcoin now priced at over $67,409, this transfer represents a +1,700% increase in value from the average acquisition price of $3,750 in 2018. Talk about a good investment! ๐Ÿ“ˆ๐Ÿ’ฐ

But wait, there's more! This isn't the first time a long-term dormant Bitcoin address has woken up. Back in April, a decade-long dormant Bitcoin whale moved about 246 BTC, selling at over 230,000% return on investment. ๐Ÿš€๐Ÿณ

Old miners are also joining the party, with one miner's wallet, dormant for over 14 years, recently moving about 2,000 BTC received as mining rewards in 2010. The value of this stash had surged from a few hundred dollars to $140 million! ๐ŸŽ‰๐Ÿ’ฐ

On average, one dormant wallet has been waking up every month. A recent report indicated that about 1.8 million Bitcoin addresses have remained inactive for over a decade. Some may be lost forever due to forgotten passphrases. But who knows, maybe your long-lost Bitcoin wallet could be next! ๐ŸŽ๐Ÿ”‘

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๐Ÿš€๐ŸŒ• Heads up, BTC enthusiasts! Montenegrin Prime Minister, Milojko Spajiฤ‡, known for his early investment in Terraform Labs, is in hot water! ๐Ÿ’ฆ ๐Ÿ“œ Court documents reveal Spajiฤ‡ invested a cool $75,000 in April 2018, snapping up 750,000 Luna tokens. At their peak, these tokens were worth a whopping $90 million! ๐Ÿ˜ฎ๐Ÿ’ฐ However, Terraform Labs' crypto project bit the dust in 2022, leading to losses over $40 billion for investors worldwide. ๐Ÿ“‰๐Ÿ˜ฑ Spajiฤ‡, who was the 16th investor during Terraform's initial fundraising, could face a potential loss of $90 million. Ouch! ๐Ÿ’” Despite the risks, Spajiฤ‡ bought Luna tokens at a low price of $0.10 each on the first day of fundraising. SEC documents show that 14 individuals and 10 companies contributed about $13.75 million to the project's initial development and research. ๐Ÿงช๐Ÿ’ก But here's the twist! ๐ŸŒ€ Spajiฤ‡ didn't report owning Luna tokens to the Agency for the Prevention of Corruption. Instead, he declared owning Bitcoin worth โ‚ฌ150,000 in his 2020 and 2021 reports. ๐Ÿค”๐Ÿ’ผ The SEC has since held Terraform Labs and its founder, Do Kwon, accountable for defrauding investors, requiring them to pay $4.37 billion in fines and interest. Kwon also has to contribute $200 million to an investor compensation fund. ๐Ÿฆ๐Ÿ’ธ So, while the Terraform Labs saga continues, remember to keep your eyes on the prize: BTC! ๐ŸŽฏ๐Ÿš€
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