This whale has seen his BTC stash skyrocket tremendously from merely $14,202 worth of it over all those years.
This difference in the fiat value of this Bitcoin lump signifies a massive 41,897% rise.
Crypto community members in the comments speculated as to the reason of the wallet’s awakening at this very moment, concluding that this whale is a “diamond holder” and that they are likely to sell the dormant Bitcoin now to make some healthy profits.
There have been some more massive BTC transfers reported by Whale Alert today – they were two transfers made from the largest U.S.-based cryptocurrency exchange Coinbase to unknown new wallets. Those two transfers were cumulatively worth almost $900 million. Each transaction carried 7,999 BTC, with a slight difference in the fiat equivalent – $472,800,932 and $472,800,936.
Since both anonymous wallets are brand new, the market is likely witnessing the birth of two new Bitcoin whales.
On Wednesday, Bitcoin experienced a staggering decline of 5.57%, falling from $62,000 to $58,650. That was followed by a rise of 2.64%, but then BTC again went down and is currently trading at $59,652.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
