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😱🦈 The Long Dormant Bitcoin Whale Awakens After 10 Years!
A whale's wallet containing 1701 Bitcoins, valued at $118 million and untouched for a decade, recently stirred as it made movements worth $18 million, according to on-chain tracking platform Lookonchain.
This notable wallet last saw activity in 2013, receiving 4272 BTC at an average price of $29.3 when Bitcoin was around $125. Now, with Bitcoin soaring above $70,000, the whale has realized a staggering profit of around 240,000%.
Recent attention on transfers from old wallets reveals a trend of migration to new, more secure wallets instead of exchanges, signaling a strategic move by whales to safeguard their assets rather than for immediate selling.
Another significant development highlighted by Lookonchain is a whale accumulating Bitcoin since March 6, acquiring around $90 million worth of BTC at an average of $68,000, indicating sustained bullish sentiment and significant investment activity.
