PiCK

Average price $3.88… Bitcoin whale that rose '2.3 million times' wakes after 14 years

Doohyun Hwang

Summary

A Bitcoin (BTC) whale address reported transferring about 1000 Bitcoin to a new wallet after 14 years.
The current market value of the Bitcoin is about $89 million, which is more than 2.3 million times higher than the past purchase price.
It reported that Bitcoin traded at $89,230 on the Binance Tether (USDT) market that day.

A Bitcoin (BTC) whale address that had been inactive for 14 years has resurfaced.

On the 5th (local time), on-chain analytics firm Lookonchain reported that a long-dormant address starting with '1Au1uZ' transferred 1000 bitcoins to a new wallet about 4 hours ago. It is worth about $89 million at current prices.

The whale first received the 1000 bitcoins 14 years ago, when the price of Bitcoin was only $3.88 each. That day, Bitcoin traded at $89,230 on the Binance Tether (USDT) market. Compared with the initial holding price, this represents an increase of more than 2.3 million times.

BTC

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

PiCK

Average price $3.88… Bitcoin whale that rose '2.3 million times' wakes after 14 years

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