The whale of the bitcoin era suddenly woke up for a full decade
The whale of the bitcoin era suddenly woke up for a full decade
Someone stayed on a bitcoin address for 10 years, just to reactivate it, with $115.4 million in bitcoin
A long-standing inactive bitcoin address, first reactivated on Saturday, contains $115.4 million worth, according to WhaleAlert.
A decade ago, bitcoin was worth just $440, which means the whales' wealth grew by more than 15,600%. At this point, the largest cryptocurrency is trading at Bitstamp for $69,331, according to CoinGecko.
The newly reactivated whale address has aroused great interest in the cryptocurrency community, and cryptocurrency enthusiasts have speculated about the possible reasons behind its sudden awakening. Some people think it could be an investor with a strong belief in bitcoin.
Others thought the investor may have just lost it, and then somehow managed to retrieve the key to Bitcoin's wealth.
It's worth noting that the reactivation of the $115.4 million bitcoin address took place before the upcoming halving event, which would reduce the block subsidy incentive to 3,125 BTC.
It is not clear whether the two events are any related. However, some social media users have speculated that the whale could start selling off before the halving event.
It's worth noting that since 2014, the world has not heard from Satoshi Nakamoto since then.
At that time, he briefly reappeared, dispelled Newsweek's article about Dorien Nakamoto, and mistakenly identified him as the creator of Bitcoin. Several important transactions about the bitcoin address of Satoshi Nakamoto have taken place. For example, in 2022, a 2013 whale transferred more than $100 million in bitcoins.