The crypto world is once again shaken by a shocking move from a Bitcoin whale — a nickname for large investors with high-value crypto holdings. After being dormant for more than a decade, this mysterious wallet suddenly became active and transferred 300 BTC to a new address!
According to data from the blockchain monitoring platform Lookonchain, this wallet was last active 11 years ago, specifically when it received 300 BTC at an average price of $447 per coin. At that time, its total value was only about $134,000. However, today, with the price of Bitcoin soaring, the asset is worth around Rp515 billion or equivalent to $31.1 million.
> “A wallet that has been inactive for 11 years has just transferred 300 BTC worth $31.1 million to a new address,” wrote Lookonchain through their X account on Wednesday (14/05).
Speculation Arises: Take Profit or Something More?
This action immediately triggered a wave of speculation among the crypto community. Many are wondering, why did this wallet suddenly become active? Does the owner want to take profit after seeing the price of BTC soar more than 200 times since 2013? Or is there another reason behind this mysterious move?
Some analysts suspect this could be the initial step of distribution or a massive sale, especially ahead of a crypto market phase that is beginning to show high volatility. However, many also consider this just a security maneuver—the owner merely wants to transfer funds to a more modern or safer wallet.
Old Whale Phenomenon Awakens, What Does It Mean?
In the crypto world, wallets that have been 'asleep' for years are often associated with early adopters—those who bought Bitcoin at its inception. Activity from such wallets can significantly impact market psychology, especially if accompanied by large sell-offs.
For retail investors, this could be an important signal to be more vigilant about price movements. On the other hand, it also serves as a reminder that the wonders of crypto—turning $134,000 into over $31 million—are very real and still possible.
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Conclusion:
The story of the Bitcoin whale awakening from its long slumber is not just intriguing but also serves as strong evidence of the tremendous long-term potential of crypto investments. One thing is for sure: in the blockchain world, nothing truly sleeps forever.
