🐋 A #whale holding 8,000 Bitcoin ($BTC ) awakens after more than 5 years of inactivity.
📌 A Bitcoin whale transferred 8,000 Bitcoin (BTC) worth $536.5 million from a Coinbase cold storage wallet after more than five years of inactivity.
📌 on June 11, 1:26 p.m. UTC, according to blockchain analytics firm Arkham Intelligence, bitcoin address “1ABww1…mCSKq” received the full amount of 8,000 Bitcoin (BTC) worth $536.5 million at block 847,490.
📌 While it is unknown whether the Bitcoin wallet owner withdrew cash, the transfer marked a nearly 1,700% increase from the acquisition price of $3,750 on December 5, 2018.
📌 Bitcoin recently suffered a price decline, falling 7.5% from a local high of $71,650 on June 7 to $66,250 on June 11