Crypto

The Whale in Motion After 11 Years: 9.6 Million Dollars of Bitcoin Was Transferred

This past Wednesday, a whale, an investor with a substantial amount of cryptocurrencies, suddenly awakened their dormant Bitcoin wallet, which had been in stasis for over 11 years. Upon awakening, it was revealed that 412.12 BTC (approximately $9.6 million) had been accrued to the address through four transactions between September and October 2012, as reported by BitInfoChart via PeckShield’s data analysis.

11 Years Ago, This Whale ‘s Bitcoin Investment Returned More Than 180%

11 years ago, a whale made an investment of 412.12 BTC that was worth merely $5,207 at the time. His impressive patience and fortitude in keeping his assets secure during bitcoin‘s various market cycles have since earned him a 184.267% return on his initial investment! Nowadays, those same 412.12 bitcoins can be traded for approximately $9.6 million – truly extraordinary gains with astronomical potential should you choose to invest wisely in digital currencies like Bitcoin!¬†Utilizing the data from Blockchair, it’s evident that a whale disbursed 412.12 BTC amongst five lucky recipients in today’s transaction- all for just 0.00012 BTC or roughly $2 as a fee!

11 Years Ago, This Whale s Bitcoin Investment Returned More Than 180%

So, Will These Bitcoins Be Sold, Or Will They Stand as The Store Of Value?

Although it is difficult to determine if the whale sold its Bitcoin to gain profits, they are likely to transfer them to a crypto exchange address. On the flip side, users who have forgotten about their Bitcoin stored in open wallets for years often regain access and move these assets into newer and more secure addresses to protect this investment.

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Armaan Khatri

I'm Armaan Khatri, a financial writer, editor, and market analyst. A former VP and market risk advisor worken in India at Citizens Financial Group. Have more than 15 years of financial services experience that also includes personal finance, personal banking, IRAs, and retirement services.

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