$BTC Cryptocurrency Market Shakes: Bitcoin Monster Suddenly Awakens After 14 Years, Transfers 80,000 BTC in 24 Hours, Worth Over $8 Billion. Tomshardware describes that an "ancient monster" suddenly woke up after 14 years of slumber. In the cryptocurrency world, this "monster" is called a whale - early investors who own huge amounts of cryptocurrency. Whales are always closely watched by the community because any small action of theirs can be a signal to shake the market.
One of these whales - currently rumored to be Roger Ver - has just transferred a total of 80,000 Bitcoins in the past 24 hours. At the current exchange rate, this amount of Bitcoin is worth over $8.6 billion, while the initial investment in 2011 was less than $210,000. If calculated, this mysterious whale has achieved a hypothetical return of nearly 4 million percent, equivalent to 40,000 times the initial capital. All of the above Bitcoins come from the Satoshi era – the period from 2009 to 2011 when Bitcoin was just born. Wallets from this period often belonged to those who truly believed in the ideals of decentralized finance, when a Bitcoin was less than $1. Therefore, the crypto community was extremely excited when someone suddenly activated a record amount of Bitcoin last weekend.
This 10,000 BTC transaction broke the previous record for the largest single transaction in Bitcoin history (just 3,700 BTC). According to blockchain analysis firm Arkham, all eight wallets – each containing 10,000 BTC – belong to the same owner.
The wave of transfers began Friday morning, when two wallets that had been dormant for 14 years suddenly moved 10,000 BTC each to new addresses. The wallets dated back to April 3, 2011, when a single Bitcoin was worth just 78 cents, meaning 10,000 BTC was worth just $7,800. To date, the investment is up nearly 14 million percent.