A longtime Bitcoin whale has woken up from more than 11 years of silence, moving 1,000 BTC – worth around $116.6 million – sending the crypto community into a frenzy. According to on-chain data cited by Lookonchain from Arkham, a wallet with an address starting with “1NzH…DrtpZo” made the transaction, Chia the entire stash of Bitcoin into four different new wallets.
It is worth noting that this amount of Bitcoin was deposited into the wallet in January 2014, when the price was only about 847 USD per BTC. Thus, up to now, this investment has increased in value hundreds of times. However, Arkham said it is not yet possible to determine the owner of the wallet as well as the new addresses that have just received this huge amount.
Bitcoin's price has increased by more than 1.3% in the past 24 hours to $116,637, according to market data. In a week, the world's largest digital currency has increased by 4.8%, showing a strong recovery after a period of volatility.
In fact, in recent months, many of the oldest Bitcoin wallets from the early days have become active again. Just last week, a wallet containing 445 BTC —after nearly 13 years of dormancy—moved 132 BTC to a new wallet and deposited 5 BTC to the Kraken exchange. Earlier in July, a Satoshi-era “whale” sold more than 80,000 BTC (worth more than $9 billion at the time) through Galaxy Digital, reportedly for estate planning purposes.
The return of these “ancient” wallets has investors worried and curious at the same time. Some experts believe that early investors may be taking profits when Bitcoin prices reached attractive levels, while others believe that this is a preparation for a new growth cycle.
