As a researcher who has been closely following the cryptocurrency market since its early days, witnessing the resurrection of a dormant Bitcoin whale from 2013 is nothing short of astonishing. The sheer magnitude of the profit this individual has earned is mind-boggling, and it serves as a stark reminder of the immense potential that blockchain technology holds.
As reported by the well-known blockchain tracker, Whale Alert, a long-dormant Bitcoin “giant” has resurfaced after over a decade of inactivity, following its return from a deep slumber.
Dormant Bitcoin whale earns staggering profit
10.8-year-old digital wallet that had been inactive since 2013 was recently activated by its owner, revealing a substantial $8,094,469 in Bitcoin. This wallet currently holds approximately 146 Bitcoins, which were originally valued at around $80,257 back in the year 2013.
Since then, the value of that Bitcoin has soared by 9,985%.
146 bitcoins, which were worth approximately $80,257 at the time they were last active in 2013, have recently become active again and are now valued at around 8,094,469 USD!
— Whale Alert (@whale_alert) September 9, 2024
2013 saw significant fluctuations in Bitcoin’s value. At the beginning of the year, a single Bitcoin was worth just $13. By April, it unexpectedly soared to $266, only to plummet again to $50 later on. However, the price rise in November was even more astounding compared to the spring. Fueled by media attention, growing adoption, and speculation, Bitcoin experienced a meteoric rise, reaching as high as $1,000 per unit.
At the time of this writing, Bitcoin is changing hands at $55,242.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- USD CLP PREDICTION
- USD ZAR PREDICTION
- USD COP PREDICTION
- USD PHP PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- SBR PREDICTION. SBR cryptocurrency
2024-09-09 19:08