😱😱😱Bitcoin Whale Impacts $115 Million Dormant Wallet as Bitcoin Halving Approaches
After a decade of dormancy, a significant #Bitcoin whales has returned to activity and attracted the attention of the cryptocurrency community. The reactivation of this whale's wallet, which holds 1,701 BTC worth an impressive $ 115.42 million, has sparked intrigue and speculation.
The recent transfer of 246 BTC (equivalent to $16.73 million) to two separate wallets has increased the mystery surrounding the actions and led to questions about their intentions and potential impact on the market.
The whale made two important transactions in its last activity: it sent 50 BTC to the address 1PR...jRo and 195.98 BTC to the address bc1...rk7 . These transactions shed light on the fund movements after the whale's years of dormancy. In particular, historical data reveals that the whale bought 4,272 BTC in 2013 and bought them at an average price of $ 29.39. Such a context provides information about the whale's significant assets and its potential impact within the cryptocurrency ecosystem.
Gabor Gurbacs, one of the consultants of VanEck, emphasized the importance of the re-emergence of old Bitcoin wallets after a long period of non-transaction and gave information about the situation. Gurbacs' remarks underscored the evolving nature of the cryptocurrency landscape and the enduring appeal of Bitcoin as a store of value.
Bitcoin Whale Accumulation Before Halving
Despite the recent market fluctuations and the uncertainty surrounding the upcoming halving, Bitcoin whales are actively accumulating significant amounts of BTC. This accumulation trend shows that an upward trend is prevailing among large investors, especially as the fourth Bitcoin halving approaches.Dec. With the decline of miner rewards on the horizon, whales seem to be positioning themselves for potential future gains in the cryptocurrency market.
