A sleeping Bitcoin whale that has been dormant for more than ten years has suddenly come to life, witnessing an astounding return of over 541,265%.
In a recent post on X, the well-known market tracker Whale Alert brought attention to this surprising event. The Bitcoin wallet “1Ny6Ry…PHv8C,” which had been holding 37 BTC tokens, was reactivated today after 11.8 years of inactivity.
The report revealed that in 2012, the 37 BTC tokens were worth a mere $476, with the price of Bitcoin hovering around $12 per coin. Fast forward to the present day, and this portfolio has grown exponentially to an impressive $2,576,901, thanks to Bitcoin’s value skyrocketing to $70,000.
With an initial investment of $476, the dormant whale has now made a profit of $2,576,425, resulting in a remarkable return on investment of over 541,265%.
This news has caused quite a stir in the crypto community, with many speculating on the next moves of the Bitcoin whale.
Interestingly, this is not an isolated incident. Just yesterday, another Bitcoin wallet “114fYCG…p1oeva,” holding 26 BTC since 2012, was reactivated. This wallet also saw a substantial profit of over $1.8 million after being dormant for exactly 12 years, resulting in a staggering return of over 599,639%.
In the past week, numerous Bitcoin addresses that had been holding BTC for over a decade have been waking up, bringing in profits of millions of dollars. One wallet was reactivated to discover over $48 million after holding 750 BTC for 11.2 years.
This trend continues as the value of Bitcoin continues to surge. Today, Bitcoin reached an intraday high of $69,851, showing a growth of over 14% in the last two weeks. Currently trading at $69,734, the price of BTC has surged by 138% over the past year.
It’s not just Bitcoin that is seeing dormant whales awakening. Last week, a wallet holding 977 Ethereum tokens, now valued at over $3.37 million, was reactivated after nine years of hibernation.
Please note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are personal and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
