Two mysterious wallets containing a total of 1000 Bitcoins have worried a crypto investor, ending his 10-year slumber.
According to the blockchain data, the wallet address “16vRq...qjzEa” transferred 500 Bitcoins to block number 843,131, while sending the other 500 Bitcoins to the address “1DUJuH...NgfC5”. What are the details about the mysterious BTC whale that has surfaced after a 10-year Decadence?
Millions of dollar moves from the #Bitcoin whale!
At current prices, the total amount transferred is currently worth 456 times more than the purchase price of $ 61.2 million. Since the transfers, one of the recipient addresses “16vRq...qjzEa” has transferred 500 Bitcoins to a large number of wallets, while the wallet “1DUJuH...NgfC5” still carries 500 Bitcoins.
The remarkable Bitcoin transfers have led blockchain analysis firm Lookonchain to match the two transactions, with followers believing the two wallets belong to the same person or organization.
Amazing data came from crypto analysis platforms!
According to an analysis by Chainalytics and Fortune, although at least one of the BTC wallets tends to wake up every month, about 1.8 million Bitcoin addresses have been dormant for more than a decade. Fortune noted that these wallets, other than Nakamoto's wallet, carry about $121 billion worth of Bitcoins.
While investors often suggest that dormant wallets can wake up to sell Bitcoins at an appropriate time, others have stated that #BTC can be transferred to a different address, perhaps to a cold wallet.
According to CoinGecko, Bitcoin is trading at $61,450 as of the writing of the news.