A deep-pocketed crypto holder who bought Bitcoin (BTC) more than 14 years ago has suddenly moved the flagship digital asset at a massive profit.
On-chain data shows that on Friday, the previously dormant crypto wallet abruptly moved a Bitcoin stack at recorded gains of 169,358,650%.
Says blockchain tracker Whale Alert,
“A dormant address containing 50 BTC ($3,387,175) has just been activated after 14.3 years (worth $2 in 2010)!”
Also on Friday, on-chain data shows an even larger Bitcoin holder, who was dormant for more than a decade, shifting hundreds of BTC at a 1,269,551% profit.
“A dormant address containing 400 BTC ($27,284,805) has just been activated after 12.4 years (worth $2,149 in 2012)!”
On Thursday, Whale Alert spotted another deep-pocketed Bitcoin holder waking up after more than 13 years to relocate their BTC stack at a 394,933% gain.
“A dormant address containing 150 BTC ($10,033,846) has just been activated after 13.3 years (worth $2,540 in 2011)!”
On Tuesday, an investor that held over two dozen Bitcoin for more than a decade transferred their BTC holdings, according to Whale Alert.
“A dormant address containing 27 BTC ($1,825,303) has just been activated after 10.8 years!”
Lastly, Whale Alert spotted a long-dormant Bitcoin holder shifting their BTC trove on Sunday at a 9,228% profit.
“A dormant address containing 21 BTC ($1,516,136) has just been activated after 10.9 years (worth $16,252 in 2013)!”
Bitcoin is trading for $66,684 at time of writing, down 2.1% in the last 24 hours.
Generated Image: Midjourney