Summary
- It has been revealed that a Bitcoin whale wallet that remained dormant for about 12 years has been confirmed to have transferred a large amount of assets.
- This whale wallet, after acquiring 343 BTC in the past, recently transferred 130.77 BTC to the Kraken exchange.
- Lookonchain explained that this whale achieved about 1,368 times profit based on the current price.
A Bitcoin (BTC) whale wallet that had long been inactive has been observed moving a large amount of assets after about 12 years.
According to on-chain analytics platform Lookonchain, a Bitcoin whale wallet that received 343 BTC (worth about $29,600 at the time) roughly 12 years ago transferred the amount externally 18 hours ago. Of this, 130.77 BTC (worth about $15.45 million) was deposited to the cryptocurrency exchange Kraken.
Lookonchain explained, "This whale acquired BTC when it was $86 per coin, and based on the current price, has earned a profit of about 1,368 times."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
