Picture the moment you unearth a forgotten lottery ticket from 2013, hidden away under your mattress, now valued at an astonishing $84 million. Naturally, you’d be eager to cash it in or at least secure it in a safer location.
A recent significant transaction involving a bitcoin BTC$91,663.55 whale after more than twelve years of inactivity evokes similar excitement.
On Monday evening, an account identified as “1A2hq…pZGZm transferred 909 BTC, valued at over $84 million, to another address named “bc1qk…sxaeh,” according to data monitored by blockchain analysts Whale Alert and Lookonchain. This long-dormant wallet began accumulating bitcoin back in 2013 when its price was below $7, resulting in an impressive unrealized gain exceeding 13,000%.
The activity of this old whale aligns with trends observed following BTC’s surge past the $100,000 mark last year—reviving dormant wallets filled with substantial paper profits.
Such awakenings tend to generate considerable chatter on social media regarding potential profit-taking strategies that could lead to a decline in bitcoin prices.
However, it’s important to note that none of the coins moved by the whale on Monday have yet been sent to exchanges; thus, this transfer may simply be for consolidation or security purposes rather than preparation for sale.
The current trading price for bitcoin hovers around $92,000.