Ancient Bitcoin Whale Resurfaces After Years of Silence
On January 18, 2024, blockchain data revealed that a long-dormant Bitcoin whale has reactivated. The address transferred 500 BTC to an exchange nine hours ago. At current market prices, the transaction was valued at $47.77 million.
Accumulated in 2013, Profits Exceed $260 Million
Historical records show that this whale purchased 5,000 BTC in November 2013 at an average price of $332. With continued selling in recent weeks, the wallet has now moved 2,500 BTC to exchanges. At an average price of $104,632, the realized profit has exceeded $260 million.
Still Holding 2,500 BTC Worth Nearly $237 Million
Despite massive realized gains, the whale still holds half of the original stash — 2,500 BTC. At current prices, the remaining holdings are valued at approximately $237 million. Analysts suggest that this whale’s movements will continue to draw market attention in the near future.