The whale wallet transferred 1,000 Bitcoins! It has been dormant for 11 years and now its value has soared more than 5,000 times.

This site (120bTC.coM): In the early morning of today (15th), a "whale wallet" that had been dormant for 11 years suddenly woke up and transferred 1,000 Bitcoins to a new address, with a transaction value of more than 6,200 Ten thousand U.S. dollars.

On-chain data shows that the above-mentioned "Whale Wallet" initially received these 1,000 Bitcoins in September 2012. At that time, the unit price of Bitcoin was only US$12.10, which converted to the original principal investment of US$12,100. But after 11 years of dormancy, its value has now increased more than 5,000 times to $62.9 million.

It is worth noting that according to data from Blockchain.com, this transaction was first initiated on January 19 this year. At that time, 1,000 Bitcoins were worth approximately US$41.6 million. Although the transaction was delayed for half a year, it was not until early this morning The Bitcoins were confirmed and included in the block by the miners, but the wallet holders did not wait in vain. While waiting for the transaction to be confirmed, the value of these Bitcoins also increased by about 20 million US dollars.

Suddenly a large amount of Bitcoins were transferred, which also caused the cryptocurrency community to wonder about the reasons behind it.

Generally speaking, "big whales" usually transfer their assets to new addresses every few years, but some analysts speculate that some long-term holders may want to cash out when prices are close to historical highs, or participate in Speculation in derivatives markets.

While some Bitcoin wallets that have been dormant for years are awakened every month, there are still nearly 1.8 million Bitcoin addresses that have been hacked for more than 10 years, according to a recent analysis by Chainalysis and Fortune Magazine. idle.

"Fortune" magazine stated that the coins held in these wallets (excluding Satoshi Nakamoto's wallet) accounted for 8.5% of the total 21 million Bitcoins, with a total value of approximately US$121 billion.

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