Cryptocurrency According to the Twitter account Whale Alert, which reports on whales, it has been sleeping for 9.8 years and has 500 in it. bitcoin The BTC wallet with ($22.1 million) has been activated.
With the activation of the said account, many users started to discuss why the wallet owner might have waited so long to use their BTC. One of the users claimed that the account in question only acts in accordance with the principle of delaying gratification.
Others have taken a more logical approach, stating that they have found someone’s old hard drive or rediscovered the private key that unlocked the wallet.
However, it is stated that wallets that are so old may also be related to Bitcoin founder Satoshi Nakamoto.
💤💤 A dormant address containing 500 #BTC (22,161,836 USD) has just been activated after 9.8 years!https://t.co/JZCgIh7o16
— Whale Alert (@whale_alert) March 26, 2022
Whale Transferred All Its Bitcoins To Other Accounts After Activation
After the whale in question became active, it transferred 500 BTC in the wallet to different addresses in the form of 20 BTC.
The interesting thing is that a few hours after this transfer, BTC rose seriously.
Not long ago, other ancient cryptocurrency wallets came back to life after years of inactivity. On March 7, a Bitcoin wallet containing 407 BTC (18.1) million dollars was active again after 8 years.
Last February, a Ethereum His wallet became active again after 6 years, with millions of dollars in circulation for its owner.
It is known that the sharp fall or rise movements that come after the old wallets are active have been experienced before, as it was last night. For this reason, following the movements of such dormant large wallets can provide information about the direction of the market.
*Not investment advice.