CandleFocus Satoshi-Era Whale Wakes up With Stunning 411,696% Profit
2024-10-21
Author: Content Editor
An anonymous Bitcoin whale from 2011 has awoken and made its first transaction after 13.4 years of dormancy. The wallet received 20 BTC in 2011 and remained inactive until it was suddenly activated and transferred to a new anonymous wallet. From there, the BTC was transferred to the crypto exchange Bitstamp. Such awakenings of old Bitcoin whales are often seen as bearish signs as it could indicate a sell-off in the market. This particular whale saw a return of 411,696% since holding since 2011. The activation of this wallet raises concerns about the behavior of other old Bitcoin holders and the potential impact on exchanges if more wallets are activated.
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