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Big News: Fifth Biggest Bitcoin Holder Wakes Up After 5 Years 🐳
Imagine someone who owns a whopping 94,500 Bitcoins, making them the fifth-largest Bitcoin holder in the world. Well, this big shot has come back to life after staying quiet for five years. According to Arkham Intelligence, this wallet, now worth a mind-boggling $6.6 billion, recently became active again.
In 2019, this wallet got a massive amount of Bitcoin, which today would be worth $6.6 billion. But until recently, no one touched it. Over the weekend, though, things got interesting. The Bitcoin in this wallet got split up and moved to new wallets. Now, the original wallet only has 1.4 Bitcoins, while the rest got spread across three wallets, with one of them holding $5 billion worth of Bitcoin.
The owner of the wallet split the Bitcoin into two parts. They sent one part as it was to a new wallet and divided the other part between two more wallets. This move reshuffled the 94,500 Bitcoins, making the owner one of the top Bitcoin holders in the world.
Miguel Morel, CEO of Arkham, pointed out that while most big Bitcoin wallets are linked to companies or exchanges, this one hasn't done much. It's been pretty quiet and has no connection to any exchange.
This Bitcoin movement is a big deal because it's the first time in a while that a single wallet has done something major. Before this, there were some other movements, like one anonymous wallet sending 27 Bitcoins to Satoshi Nakamoto's address in January 2024. Also, in November 2023, three other sleepy wallets woke up and moved about 7,000 Bitcoins to Bitfinex.
Despite all this excitement, the Bitcoin price hasn't really changed much. It's still hovering around $70,000.