- 687 Bitcoins worth $43 million were moved by a Bitcoin whale that has lain dormant for more than ten years.
The whale was given 687.33 Bitcoins (BTC) on January 12, 2014, according to Lookonchain statistics. At the time, BTC was trading for $917, which is almost $630,000.
Ten years later, at the price the user sold it for more than $42.7 million, the value of Bitcoin has climbed by about 70 times.
At an average purchase price of $62,500, big investors, who own at least 0.1% of the total Bitcoin supply, bought 19,760 BTC in April for a total of $1.2 billion.
The money that accumulated at these addresses frequently happened before the initial cryptocurrency’s price rose. Assets were bought by bitcoin whales two days prior to the halving.
Santiment further claimed that since the beginning of 2024, Bitcoin whales have amassed an extra 266,000 BTC, valued at $17.3 billion.
During the specified period, asset owners with balances between 1,000 and 10,000 Bitcoins received 1.24% of the total supply of 21 million Bitcoins.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
