2024

Bitcoin

Arkham

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Another anonymous&nbsp;<a href="https://u.today/super-bullish-bitcoin-btc-news-coming-in-next-few-days-samson-mow" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> holder has resurfaced after being dormant for almost 11.2 years, according to data from&nbsp;<a href="https://twitter.com/whale_alert/status/1816462070864285858?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1816462070864285858%7Ctwgr%5Eea670105244a9d0955ccff46f10c6262b10fd6a7%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2Fwhale_alert%2Fstatus%2F1816462070864285858" rel="noopener noreferrer nofollow">Whale Alert</a>. Digging deeper into the on-chain data, it appears that an unknown whale, as such large holders are often called, came to life with 750 BTC - a stash worth around $50 million at current prices.&nbsp;
<blockquote>
 💤 💤 💤 💤 💤 A dormant address containing 750 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (48,034,134 USD) has just been activated after 11.2 years!<a href="https://t.co/mbTikyqTwr" rel="noopener noreferrer nofollow">https://t.co/mbTikyqTwr</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1816462070864285858?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
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The last time the address "1a6Zn" was active before today was June 4, 2013. At that time,&nbsp;<a href="https://u.today/blackrock-all-in-on-ethereum-84000-eth-held-in-trust" rel="noopener noreferrer nofollow">Bitcoin</a> was trading at around $120 per BTC. Fast forward to 2024, and that amount of&nbsp;<a href="https://u.today/michael-saylor-sends-satoshi-bitcoin-message-to-former-nba-star-scottie-pippen" rel="noopener noreferrer nofollow">BTC</a> will make its owner a handsome $50 million, which equates to a 53,583% return on that investment. Extrapolated over 11.2 years, that is 4,784% per year.&nbsp;
Thus, after this ancient dormant whale came back to life, they transferred all the tokens to the "bc1qc" address.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="5fb11aa5-c89a-48d3-8a9f-157d544fd446" src="https://u.today/sites/default/files/inline-images/bitcoinbtc_0.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/1a6ZnTkz9bJDAQNvPeQWTeKGu2DFivbac" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
<h2 id="why">Why?</h2>
It remains a mystery. However, if we were to try to come up with reasons, one could be security measures. Over the years, Bitcoin custody standards have changed, and the transfer could indicate a shift from the older "1" address type to the more secure "bc1" address type.
This is the latest such awakening in recent times, as July was fruitful in terms of inactive Bitcoin resurfacing. Many market participants see this as a bearish sign; after all, who would refuse to cash out at least part of a 53,583% gain?&nbsp;
However, considering the fact that they have been holding their BTC for years, perhaps selling is not the case here.

Satoshi-Era Bitcoin Whale Suddenly Wakes up With 53,583% Profit

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