These dormant wallets were reactivated less than 48 hours ago. This is happening while Bitcoin, which has become the world’s flagship cryptocurrency by now, has skyrocketed above the $71,000 level for the first time since June.
One of them awakened on Monday, and it contained 16 BTC valued at $1,147,359 after 2013, when these Bitcoins were worth $2,160. It comprises a staggering 53,018.5% increase in profits. This whale returned after 11.1 years of staying inactive.
The comeback of the other two wallets was spotted a few hours ago today. The first dormant address came back holding 28 BTC from dormancy after 13.6 years. This means that it was last used in 2010, when Satoshi Nakamoto was still around and corresponded with the future BTC developers on the BitcoinTalk forum.
The number of Bitcoins held in this wallet is now equal to $1,995,139 while, back in 2010, BTC reached an all-time high of $0.30, meaning that the 28 BTC back then were worth just less than $9. This means that this whale has welcomed a mammoth 22,168,100% return on investment.
All three wallets have been reactivated as Bitcoin began to surge and is coming close to its March historic peak. That all-time high was reached at the $73,750.07 level on March 14. This year, the fourth Bitcoin halving took place, but contrary to history, BTC hit a new ATH before the halving this time.
Now, Bitcoin is trading at $73,750.07, aiming to surge to a new historic price peak.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
