Key Points
- A Bitcoin whale wallet with 749 BTC worth over $53 million woke up after 21 years.
- The whale made a BTC transfer today, as BTC saw over 6,400 price gains since 2012.
According to the latest reports from Lookonchain, a Bitcoin whale woke up after 12 years of inactivity to make a BTC transfer.
On-chain data shows that today after Bitcoin’s price broke above $71,000, a whale holding 749 BTC worth more than $53 million, woke up after being dormant since 2012 to transfer 159 BTC worth over $11 million.
The Bitcoin whale reportedly accumulated 749 BTC coins worth $8,151 in 2012, when the coin’s price was only $11. Trading above $71,000 today, BTC recorded a surge of over 6,400x.
In-Depth Details of the BTC Whale’s Transfers
According to on-chain data posted by Lookonchain, the Bitcoin whale accumulated its total amount of over 749 Bitcoins back in 2012.
The whale bought 10 BTC worth over $110 on September 6, 2012, and the move was followed by another purchase of 190 BTC worth over $2,100 on the same day. The Bitcoin whale continued and purchased 200 BTC worth over $2,219 on September 7, and another 200 BTC worth over $2,200 the next day, on September 8.
On September 9, the whale bought over 159 BTC worth over $1,700. On November 10 of the same year, the Bitcoin trader sold 10 BTC worth around $108.
After all these moves, the whale stopped its activity until today, October 29, when it sent over 159 BTC worth over $11.3 million out of the wallet.
Considering that when the trader made the transfers in 2012, BTC was trading at around $11, and today, the coin raced above $71,000, the whale woke up to gains of over 6,400x by simply holding its BTC coins.
At the moment of writing this article, BTC is trading above $71,200, up by around 4% today.
BTC is getting near its ATH of under $74,000, and the latest predictions claim that the coin could reach new heights ahead of the US elections scheduled for next week.
