• Bitcoin Whales Wake Up From 14-Year Slumber to Move Over $2B of BTC Two crypto wallets moved 20,000 BTC, valued at over $2 billion, to new addresses.
• The coins were originally received in 2011 when bitcoin was priced at 78 cents, now yielding a 140,000-fold return.
• The latest transfers show no signs of profit taking operation.When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin
BTC$108,468.53
holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it's a prelude to a sale and downside price volatility.
Early Friday, two wallets, labelled "12tLs...xj2me" and "1KbrS...AWJYm," moved 20,000 BTC, worth over $2 billion, to new addresses. These flows were first noted by blockchain sleuth Whale Alert, and later by Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents.
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