A wallet, $BTC , which had been dormant for 14 years and 9 months, suddenly showed activity. It gained over 2,486,052%.
This wallet accumulated 100 BTC since the end of 2011, when Bitcoin was only worth a few dollars. Yesterday, all the coins were transferred, right when $BTC was around $81,000 per coin — meaning that lot of coins is now worth over $8.1 million.
Many on-chain trackers, including Cointelegraph and Daily Hodl, have recorded this transaction and the profit of over 2.4 million percent.
The owner of the wallet and where the money was transferred to have not been revealed. I only believe it's a "profit-taking" transaction when I see the money flowing directly to a specific exchange; I won't jump to conclusions until I see it.
This is worth considering for those holding coins long-term: money isn't lost, it's just sleeping.
Things to watch today: Will this wallet transfer more BTC to an exchange, or just transfer it internally to another cold wallet?
Personal observation, not investment advice.
#BTC #Bitcoin #Crypto #CryptoNews
This wallet accumulated 100 BTC since the end of 2011, when Bitcoin was only worth a few dollars. Yesterday, all the coins were transferred, right when $BTC was around $81,000 per coin — meaning that lot of coins is now worth over $8.1 million.
Many on-chain trackers, including Cointelegraph and Daily Hodl, have recorded this transaction and the profit of over 2.4 million percent.
The owner of the wallet and where the money was transferred to have not been revealed. I only believe it's a "profit-taking" transaction when I see the money flowing directly to a specific exchange; I won't jump to conclusions until I see it.
This is worth considering for those holding coins long-term: money isn't lost, it's just sleeping.
Things to watch today: Will this wallet transfer more BTC to an exchange, or just transfer it internally to another cold wallet?
Personal observation, not investment advice.
#BTC #Bitcoin #Crypto #CryptoNews
