The crypto wallet that had been inactive since the end of March 2013 has come to life. On Friday, August 1, 306 bitcoins worth over $35 million were transferred to two other accounts.
In 2013, the crypto whale spent about $23,700 on 306 BTC. This means the value of its assets has increased by 1500 times.
The large holder of bitcoins split its assets into two transactions, sending 200 BTC to one wallet and 106 BTC to another. Neither of the receiving wallets had a transaction history. The owners of the wallets are currently unknown.
Recently, this is not the first transfer made by large bitcoin investors. On July 23, BTC worth $1.26 billion was transferred through wallets associated with the "whale" after several years of inactivity, and on July 24, BTC worth $460 million was transferred through a wallet that had not been active since 2011.
According to crypto analysts, the activity of the "whales" is explained by their desire to lock in profits while the leading digital asset was trading at $120,000.
At the time of writing, bitcoin had dropped to the $113,000 range. Over the past day, it has decreased by 3.2%, and over the week – by 2%.
