An ancient Bitcoin (BTC) whale has just woken up after a nearly 11-year hibernation.
Blockchain tracking bot Whale Alert sayson the social media platform X that a whale wallet, worth less than $100,000 in 2014, is now worth millions.
“A dormant address containing 100 BTC (6,113,890 USD) has just been activated after 10.8 years (worth 83,492 USD in 2014)!”
Bitcoin’s massive price rise in the last decade puts the wallet in green territory with gains of more than 7,222%.
After the wallet received 100 BTC on January 4th, 2014, it did not make any movements until today, when that 100 BTC was sent to another address.
Whale Alert noticed a similar whale activity last week as well when an ancient address moved millions of dollars in Bitcoin.
“A dormant address containing 99 BTC (6,097,440 USD) has just been activated after 10.7 years (worth 83,068 USD in 2014)!”
In total, the two whales moved 199 BTC worth over $12 million.
Last month, similar transfers were attributed to BTC miners who were unloading rewards from 2009.
“Please note that many miner wallets dormant for more than 15.5 years are transferring BTC… These wallets received 50 BTC as mining rewards per block back in 2009.”
At time of writing, Bitcoin is trading for $61,983, a marginal increase in the last 24 hours.
Generated Image: Midjourney