#FOMCMeeting The dormant Bitcoin whales awaken after a decade, $325 million transferred before the Fed's rate decision
Two long-inactive Bitcoin wallets from the "Satoshi" era have suddenly become active after more than a decade of silence, transferring a total of $325 million in Bitcoin just before a significant interest rate decision from the Federal Reserve of the United States.
According to the blockchain analytics platform Spot On Chain, the first whale transferred 2,343 BTC, worth approximately $222.2 million, to a new wallet after being inactive for 10.5 years. Historical data shows that this whale initially acquired about 2,187 BTC in July 2013 for only $185,850, at an average price of $85 per coin.
The second whale reappeared after more than 11 years, transferring 1,079 BTC worth approximately $102.5 million. The Bitcoin holdings of this wallet were also accumulated in mid-2013 for an estimated amount of $91,713 at a similar price per coin.