Satoshi

Satoshi Nakamoto

Bitcoin

when

April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Popular blockchain tracker Whale Alert has revealed that over the last 24 hours, a dormant cryptocurrency whale <a href="https://u.today/satoshi-era-bitcoin-wallet-reactivated-with-mammoth-profit" rel="noopener noreferrer nofollow">reactivated his Bitcoin wallet</a>. The profit he has made on BTC by now are astounding.
The last time when he “touched” his crypto was 2012 — the still early years of Bitcoin and only two years after the enigmatic Satoshi Nakamoto opted to go under the radar.
<h2 id="ancient-btc-wallet-comes-back-to-life">Ancient BTC wallet comes back to life</h2>
The aforementioned source of data spreads the word that a wallet that contains 37 BTC has been reactivated after it had stayed dormant for 11.8 years — since 2012.
While back at the start that Bitcoin was worth only $476, now, in July 2024, this crypto is valued at $2,498,054. This constituted crazy 524,701% profit growth.
<blockquote>
 💤 A dormant address containing 37 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (2,498,054 USD) has just been activated after 11.8 years (worth 476 USD in 2012)!<a href="https://t.co/YJX8o170hb" rel="noopener noreferrer nofollow">https://t.co/YJX8o170hb</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1816883192831385887?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
</blockquote>
Earlier this week, Whale Alert published data on several other dormant wallets that had been unearthed containing millions worth of Bitcoin each.
<h2 id="dormant-bitcoin-wallets-coming-back-en-masse">Dormant Bitcoin wallets coming back en masse</h2>
In many cases, these sudden awakenings happen because the owners only now are able to locate their private keys. Many users have lost their early mined or bought Bitcoin forever, some very loud cases have been covered by the media.
However, other category of users have just been patiently waiting, watching as the world’s flagship cryptocurrency has been gradually rising in price over the past 10 to 12 years and then decided to call it a day and lock in their <a href="https://u.today/dormant-bitcoin-whale-explodes-to-life-with-massive-63946-profit" rel="noopener noreferrer nofollow">huge profits</a>.
This year, Bitcoin reached a new price all-time high when it hit $73,750 on March 14. That historic price surge was largely caused by two main factors. The first one was the enormous Bitcoin buying spree started by spot BTC ETFs in January, when those 11 ETFs bought roughly 10,000 BTC per week.
The second one was the anticipation of the fourth Bitcoin halving by the global community. The event took place on April 20 and it slashed Bitcoin block rewards earned by miners from 6.25 to 3.125 BTC.

524,701% Profit on Bitcoin Celebrated by Whale After 11.8 Years of Inactivity

Indice dei contenuti

U_Today

Altri articoli pubblicati su 27 lug 2024

Michael Saylor Predicts Bitcoin to Hit $13 Million by 2045, Urges U.S. to Secure Reserves

Trump Gains Significant Support from the Cryptocurrency Community

Tyler Winklevoss Urges U.S. Govt to Name Next SEC Chair Before Election

How High Shiba Inu Could Rise if it Surges 27,000,000%

Bloomberg Senior Analyst Faces Backlash from XRP Community Over XRP Joke

Shiba Inu Coin: 140M SHIB Burnt Weekly Projects Optimism, $0.0000369 Possible?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!