😱 Dusty Bitcoin whale's wallet, inactive since buying Bitcoin for $29 a decade ago, has just stirred after 10 years! 😱
This wallet holds 1701 Bitcoins, currently valued at $118 million, and hadn't made a move for a decade. Recently, it reported 246 #BTC🌪️ outflows totaling $18 million, according to on-chain tracking platform Lookonchain.
Initially, the whale bought 4272 BTC at an average price of $29.3 each. When last accessed in 2013, Bitcoin's price was around $125. With Bitcoin now trading above $70,000, the whale's investment has skyrocketed, yielding a staggering 240,000% profit.
Interestingly, recent activities involve transferring Bitcoins to new wallets rather than exchanges, suggesting a shift to more secure wallet technologies without intending to sell.
$BTC #btchalvingcarnival #BTCHALVING.