On October 29, a major Bitcoin holder after 12 years of inactivity moved part of the assets after the price of the first cryptocurrency rose above $71,000. Lookonchain analysts drew attention to this.
After the price of $BTC broke through $71,000, a whale with 749 $BTC($53.23M) woke up after 12 years of dormancy and transferred 159 $BTC($11.32M) out!
The whale accumulated 749 $BTC($8,151 at the time) in 2012 when the price was only $11.https://t.co/I98gM9YgSL pic.twitter.com/XPHMKp5gQP
— Lookonchain (@lookonchain) October 29, 2024
Of the 749 BTC ($53.23 million) stored in the wallet, the user withdrew 159 BTC ($11.32 million). At the time of receiving coins in 2012, his assets were worth $8,151 with a Bitcoin price of $11.
In mid-October, a whale with a balance of $1.3 million became active after a 13-year hibernation.
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Source: Cryptocurrency
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