A Bitcoin wallet that has been non-active for over 8 years has been activated, according to Whale Alert.
Since it was last active in 2013, the Bitcoins were worth around US$355,000.
Whereas now they are worth around US$15,600,000. This means the holder made around a 4000% gain, not bad.
The transaction shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn’t in the eyes of the wallet’s owner, not right now at least.
Why Now?
The activation of the wallet is due to the times of turmoil within Europe following Russia’s invasion of Ukraine. Despite this fact, markets have actually recovered to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.
Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?
This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.
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