Bitcoin Whale Suddenly Wakes Up After 10 Years of Dormancy To Transfer $16,730,000 in BTC: On-Chain Data

A Bitcoin whale that sat dormant for the last decade has suddenly awakened and begun transferring millions of dollars worth of BTC.

First spotted by blockchain tracking firm Lookonchain, an address beginning with “1CLx” – which bought Bitcoin when it was trading below $30 – has awakened after 10 years of inactivity.

“A whale with 1,701 BTC ($115.42 million) woke up after 10 years of dormancy and transferred 246 BTC ($16.73 million) out..

The whale received 4,272 BTC ($125,541 at the time) in 2013 at an average price of only $29.39.”

With Bitcoin currently trading at $69,835, the whale is now up about 237,514% on its original investment.

Lookonchain also spotted a new whale that has been aggressively accumulating Bitcoin since early March.

According to the firm, an address starting with “bc1qag” has accumulated over 1,308 BTC coins worth nearly $90 million. Its last purchase was from Binance, the largest crypto exchange in the world, for 113 BTC worth $7.85 million.

“This whale has accumulated 1,308 BTC ($89.75 million) at an average price of $68,617 since March 6th.

Address:
bc1qag725vjxxpkkl5gshfkye9xn4p5vklrlhgkw5w”

Lookonchain recently reported that another dormant whale abruptly sent over $74.3 million in Bitcoin to Binance after being inactive for about eight months. At the time of the transfer, the whale still held $597.55 million worth of BTC.

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The post Bitcoin Whale Suddenly Wakes Up After 10 Years of Dormancy To Transfer $16,730,000 in BTC: On-Chain Data appeared first on The Daily Hodl.