The whale wallet that has been dormant for 6 years transferred 1,000 Bitcoins to Coinbase! Value increased more than 9 times

The whale wallet woke up and transferred 1,000 Bitcoins

1. Site (120btC.coM) reported:

Today (28th) morning, a Bitcoin wallet that had been dormant for 6 years was suddenly activated. Transfer 1,000 Bitcoins in one transaction.

2. Transaction details:

On-chain data shows that the "giant whale" spent more than 6 million US dollars to purchase these Bitcoins in 2018, and the current value has increased more than 9 times.

3. Transaction record:

According to data from Lookonchain and Arkham Intelligence, the wallet (address: 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3) transferred 1,000 Bitcoins to Coinbase Prime this morning, with a transaction value of approximately $61.55 million.

1. This long-dormant address initially obtained these Bitcoins on August 25, 2018. At that time, the unit price of Bitcoin was US$6,730.73, which meant that the initial investment was approximately US$6.73 million.

2. Dormant Bitcoin wallets have been very active recently. Yesterday (27th), a miner’s wallet suddenly “awoke” after sleeping for 14 years and deposited 50 Bitcoins (approximately 3.05 million) to the Binance exchange. Dollar).
3. Analysts speculate that these long-term holders may want to cash out when prices are close to historical highs, or participate in speculation in the derivatives market.

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