A Bitcoin investor who hadn’t touched their holdings in over a decade recently made a big move, cashing out a massive profit.
A Whale Awakens
On Sunday, a mysterious Bitcoin address, inactive for almost 12.5 years, transferred 400 Bitcoin (BTC) worth approximately $35.84 million to another unknown wallet. This represents a mind-boggling return on investment. The original purchase, back in June 2012, cost a mere $2,180 when Bitcoin traded at just $5.45. That’s a profit increase of over 1,600,000%!
Dusting Attacks and Whale Activity
While this large transaction is the main event, it’s worth noting that the wallet had received tiny amounts of Bitcoin several times over the past 13 years. These small transactions are likely “dusting attacks,” a tactic used by scammers to track wallet owners.
More Sleeping Whales Waking Up
This wasn’t an isolated incident. Several other long-dormant Bitcoin wallets have recently shown activity:
- One wallet, inactive for 11.7 years, moved 43.93 BTC ($3.98 million).
- Another, dormant for 11 years, moved 20 BTC ($1.8 million).
- A third, inactive for 10.9 years, moved 15 BTC ($1.4 million).
- Finally, a wallet inactive for 12.8 years moved 30 BTC ($2.7 million) in three separate transactions.
These events highlight the potential for significant gains (and losses) in the volatile world of cryptocurrency. Remember, investing in cryptocurrencies is inherently risky. Always do your own research before investing.
