Whale Alert, a major crypto transaction monitoring service, has reported that a Bitcoin whale that had been inactive for 10.8 years suddenly reappeared and transferred 100 BTC from an old address to a new one. The cryptocurrency, bought 11 years ago for $91,940, is now worth an impressive $6.12 million, representing a 6,656% return. The reason for the sudden activity is unclear, but possibilities include the recall of a forgotten seed phrase or a decision to transfer funds to a more secure and compatible wallet. Interestingly, the investor decided to cash out their Bitcoin holdings coinciding with the announcement of a new HBO series about Satoshi Nakamoto, the creator of Bitcoin. The show claims to reveal Nakamoto's true identity, creating a notable coincidence.



Other News from Today