An unknown user transferred a portion of their 18 BTC ($1.13 million) to two other addresses. According to Whale Alert, at the time of purchase in 2013, the coins were valued at $10,833.
? A dormant address containing 18 #BTC (1,132,682 USD) has just been activated after 10.9 years (worth 10,883 USD in 2013)!https://t.co/wsCwt15gZL
— Whale Alert (@whale_alert) October 13, 2024
To date, the bitcoin investor has increased their investment 105-fold.
In 2013, the price of the first cryptocurrency fluctuated between $13 and $1000.
On October 11, Whale Alert recorded a similar event. A wallet dormant for 12.7 years with 100 BTC ($6 million) resumed on-chain activity. At the time of the last transaction, the coins were worth $605.
? A dormant address containing 100 #BTC (6,017,301 USD) has just been activated after 12.7 years (worth 605 USD in 2012)!https://t.co/ANaiRZIbmk
— Whale Alert (@whale_alert) October 11, 2024
Earlier in October, an unknown user holding more than $72.5 million in digital gold since 2009 transferred bitcoins worth $3.58 million to the Kraken exchange.
In September, an anonymous miner from the Satoshi Nakamoto era moved 250 BTC worth $16 million after 15 years. In the same month, an address inactive for over 10 years transferred 35 BTC worth $2 million.
In August, analysts recorded whale transactions of 174 BTC and 190 BTC. Both wallets had been inactive for over 10 years.