An unknown major Bitcoin hodler has awakened after six years of hibernation and transferred 1,000 BTC to the Coinbase Prime platform. This was stated by Lookonchain experts.
A wallet that had been dormant for 6 years deposited 1K $BTC ($61.55M) into #Coinbase Prime 4 hours ago.
Address:
12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 pic.twitter.com/jpm5bmM8Sa— Lookonchain (@lookonchain) June 28, 2024
Judging by on-chain data, the user received bitcoins in August 2018. After that, there were small incoming transactions to the address, but the first time funds were withdrawn from it was only on June 28, 2024.
At the time of writing, Bitcoin is trading around $61,700, according to TradingView. In this case, the whale’s portfolio is valued at $61.7 million.
The investment initially cost the holder approximately $7,000.
Such cases occur quite often. Earlier in June, an unknown whale transferred 8,000 BTC to Binance after five years of hibernation.
Source: Cryptocurrency
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