Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Mysterious Bitcoin Whale Moves $35 Million After 12.5 Years

Mysterious Bitcoin Whale Moves $35 Million After 12.5 Years

CryptodnesCryptodnes2024/11/22 15:00
By:Cryptodnes

A Bitcoin wallet that had been inactive for over a decade recently made a massive transaction, moving 400 BTC valued at approximately $35.8 million.

The wallet, which had remained untouched since it received the Bitcoin in June 2012, saw its holdings appreciate by an astonishing 1.64 million percent, given Bitcoin’s price of $5.45 at the time of the deposit.

Crypto tracker Whale Alert reported that the funds were transferred to an unknown address this past Sunday. Although the wallet had seen sporadic tiny transactions over the years, these appeared to be linked to dusting attacks.

These attacks involve scammers sending negligible amounts of cryptocurrency to wallets to track the owner’s activities and potentially breach their privacy.

READ MORE:
Bitcoin Could Replace the U.S. Dollar, Says Galaxy Digital Exec

The sudden movement of such a large sum of Bitcoin has raised speculation within the crypto community. Some believe the original owner may have been waiting for the right moment to cash in on their long-term holdings, while others think the transfer could be part of an effort to launder or conceal the funds.

The dormant wallet has prompted increased interest in tracking the movement of older Bitcoin, as large, previously untouched sums tend to signal potential shifts in market behavior.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance

Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought

Coinomedia2025/05/24 23:40
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance

Ethereum Set to Soar Past $4,000 Again

Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?

Coinomedia2025/05/24 23:40
Ethereum Set to Soar Past $4,000 Again

Lark Davis: Best Time to Make Money in Crypto

Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains

Coinomedia2025/05/24 23:40
Lark Davis: Best Time to Make Money in Crypto

Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift

Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders

Coinomedia2025/05/24 23:40
Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift