The Sleeping BTC Whale – After more than ten years of inactivity, a bitcoin whale, a wealthy BTC holder, woke up and transferred an impressive sum of bitcoins to a new address. An event that draws attention to significant fund movements in the crypto ecosystem.
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Over 1400 BTC in motion
A wallet containing 1,432.93 bitcoinworth an estimated $37.8 million, has moved to a new address after more than a decade of inactivity.
Thus, Lookonchain explains to us in a tweet that the address originally received these bitcoins on April 9, 2013, when the price of BTC was around $195.40.
Note that at the moment the whales are not inactive, quite the contrary. Glassnode had even observed a trend at the beginning of the week underlining that whales over 10,000 BTC tended to accumulate BTC where the smaller ones tended to sell.
Last month, whales were also out on Bitcoin and Ethereum. One of them even bought ETH during the genesis of Ethereum for waking up a few years later a millionaire.
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