CandleFocus Ancient Bitcoin Wallet Revives With Staggering 10,817% Profit: Details
2024-12-03
Author: Content Editor
This news article discusses the return of an ancient whale, or large Bitcoin holder, who recently moved 50 Bitcoin after a 10.9-year period of dormancy. The whale received these Bitcoins in 2014 when they were worth around $44,030, and they are now valued at $4,806,870, representing a return of 10,817%. The whale transferred 47 Bitcoin to an unknown address and 3 Bitcoin to a Coinbase exchange wallet. Despite the emergence of dormant whales causing selling pressure, the overall market hype and positive projections for Bitcoin's price are sustaining its growth. There is optimism that Bitcoin could reach $250,000 by 2025, and a potential interest rate cut could further boost its price.
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