These sleeping Bitcoins have been awakened just as Bitcoin is tapping a new high. Good, because someone earns well from this.
The digital currency briefly skyrocketed to $69K and at that exact moment a 2013 ‘Whale’ transfers $147 million worth of ‘dormant Bitcoins’. So someone has been waiting a long time for the moment to sell the coins. Or had he or she forgotten they were still there? We won’t know. What we do know is that it made someone fat rich.
Sleeping Bitcoins
An inactive Bitcoin wallet created on July 10, 2013, transferred 2,207 so-called “dormant Bitcoins” worth more than $147 million. Both huge trades took place on the same day Bitcoin hit its all-time high ($69,000.)
On Wednesday, November 10, for the first time since the wallet’s inception, a “forgotten” supply of Bitcoins, which had been inactive for eight years and four months, woke up. The action was noticed by means of Btcparser.com and its owner released 2,207 Bitcoins worth more than $147 million. The original address was first created on July 10, 2013 and contained approximately 2,207.60 BTC, which was split into two addresses. The first output sent 300 BTC while the second output sent 1,907.5997 BTC and the rest of the money was used for network charges.
whale
A whale is of course a whale. And in crypto terms, that is someone who has a lot of digital coins. This whaling action is similar to the dormant address movement with a wallet that dates from the same year and also started selling in May 2021.
It’s not that strange, by the way. Would you keep the Bitcoins if they are worth that much? Or would you also sell them to spend the rest of your life on the beach?
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