A Bitcoin wallet, which remained dormant for years and was called "ancient whales" in the cryptocurrency world, broke its 11-year silence and started trading and made a huge transfer of $ 30 million. This event created great excitement among cryptocurrency investors and once again demonstrated the long-term investment potential of Bitcoin.
The Sleeping Giant Awakens
According to data provided by Lookonchain, this wallet, which purchased 500 BTC for 62 thousand dollars on January 12, 2014, remained silent without any transactions for 11 years. The price of Bitcoin at that time was $124, and since then the cryptocurrency market has undergone major changes, with the Bitcoin price increasing accordingly.
500 Times Profit!
The wallet, which finally woke up from its 11-year silence, transferred all its BTCs to another wallet and made a huge transaction of $ 30.4 million. This transaction shows that the investor increased his investment 500 times in a long period of 11 years.
What Will the Whale Do?
The wallet owner's identity and intent regarding the transaction are currently unknown. It is a matter of curiosity how the investor remembers the wallet key after such a long time or why he transferred his BTCs. It is unclear whether the whale will put this huge profit up for sale or move it to another cold wallet. There is also a possibility that the whale traded OTC to avoid influencing the market.
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