đđ€ A Bitcoin whale wallet that's been snoozing for over 5 years just woke up and moved a whopping 8,000 BTC (over $536.5 million)! đđ°
âą The transfer was made from Coinbase cold storage, with the BTC later moved to a Binance Deposit address.
âą The wallet had been receiving funds in small chunks of 200 BTC between Oct-Dec 2018.
âą With Bitcoin now priced over $67,409, the transfer came after a +1,700% increase in value from the average acquisition price of $3,750 in 2018.
This isn't the first time we've seen a long-term dormant Bitcoin address spring to life. In fact, on average, 1 dormant wallet wakes up every month! đ â°
What's the reason behind these awakenings? It's often old miners or investors cashing in their BTC for profits. đžđ
What do you think? Is it time to wake up your own Bitcoin stash? Let's chat below! đ #BitcoinWhale #CryptoNews