Attention, attention, crypto people! Here comes a bombshell news. Imagine this: a Bitcoin address that has been silent for 14 years has awakened and moved an amount of BTC that will leave you shaking. We are talking about an "OG whale" (that means Original Gangster in the crypto world, the old school!) that, after more than a decade of hibernation, has transferred a whopping 40,191 Bitcoin to Galaxy Digital. And yes, this smells like a monumental sale is coming. 😲
On July 4th, this whale gave us a first scare by moving about 80,000 BTC, valued at that time at around $9.6 billion. Crazy! And now, it has sent the rest of its fortune, those 40,191 BTC, which at current Bitcoin prices (hovering around $120,385 🚀), are worth more than $4.8 billion. To give you an idea of the magnitude, this is more money than many countries have in their reserves! 🤯
According to experts like Lookonchain, the move to Galaxy Digital is not a coincidence. This company offers "OTC" (Over-The-Counter) sales, which is like saying a private and giant sale, outside of public exchanges. Why is this important? Because moving such a large amount of Bitcoin directly on a public exchange could destabilize the market. So, they do it discreetly to avoid causing chaos. Imagine the impact if those nearly $4.9 billion flooded into the market all at once! 😱
The big question everyone is asking is: Who is this mysterious whale? 🕵️♀️ With so much Bitcoin moving after such a long time, theories are everywhere. Some have speculated it could be none other than Roger Ver, or even, grab this!, Satoshi Nakamoto (the anonymous creator of Bitcoin). But Conor Grogan, director of Coinbase, brings us back to reality and suggests that it is most likely one of the early Bitcoin miners from 2011, when the reward for mining a block was 50 BTC (compared to the 3,125 BTC today!). Think about it, in 2011, those 80,000 BTC were worth just $62,400. Now, 14 years later, they are worth $9.6 billion! This is a living proof of Bitcoin's incredible appreciation. 📈
So, the next time you hear about Bitcoin, remember this story of a whale that slept for years and woke up to make waves. What will happen to all that Bitcoin? Will we see a seismic movement in the market? Stay tuned because this is just the beginning! 👀$BTC
