Major crypto transaction monitoring service Whale Alert has reported the sudden reactivation of a previously dormant Bitcoin whale, inactive for 10.8 years. The large holder transferred 100 BTC from the old address "17tdW8" to the new address "bc1qqy6."
Originally acquired 11 years ago for just $91,940, this amount of cryptocurrency is now valued at an impressive $6.12 million, reflecting a substantial 6,656% return. Analyzing the investment period since early 2014 reveals an annual return of 665.6%, marking a remarkable achievement for this long-term Bitcoin (BTC) investor.
The reasons behind this wallet’s sudden activity remain unclear. Possibilities include the individual recalling their seed phrase or opting to move funds to a new standard wallet, which is better suited for smaller transactions and offers compatibility with SegWit for enhanced future usability.
Notably, the reactivation coincides with the upcoming HBO series set to air on October 8, which promises to unveil the identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin. The timing of these events raises intriguing questions, though the validity of the claims remains to be seen.$BTC
