Recently, a Bitcoin whale, whose address had been inactive for nearly 12 years, transferred 2343 $BTC , amounting to approximately $221.7 million at the current rate. The transaction, recorded on May 6, 2025, caused significant resonance in the crypto community. The funds were obtained in 2013 when Bitcoin was worth only $39, and were moved to a new wallet with an address starting with bc1qy. This demonstrates the astonishing growth in the asset's value — profits reached millions of percent.
Such movements of "sleeping" wallets are often associated with early investors or miners returning to their assets due to the rise in Bitcoin's price. Although the funds have not been sent to an exchange, reducing the likelihood of immediate selling, analysts warn of potential market impact. In 2024, similar transactions became increasingly frequent, indicating the activation of long-term holders.
This event highlights the potential of Bitcoin as a long-term investment. Keep an eye on whale movements and cryptocurrency market news! Subscribe to #MiningUpdates to stay informed.
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