What does this Bitcoin whale wallet have planned with their $40m fortune after a decade of inactivity? Is a move to $80k on the cards?
On Sunday (5th May) a dormant Bitcoin wallet woke up after 10 years of no activity. This mysterious whale moved 687.33 BTC, today worth around $44 million.
Data on the blockchain shows the BTC appearing in the wallet in January of 2014, when 1 Bitcoin was worth just $850.
Over 10 years of sitting on this stack without moving or selling a single coin could mean many things; the owner of the wallet may have been an early miner who forgot about this wallet, or they simply have the biggest pair of diamond hands in history!
A DORMANT BITCOIN WALLET FROM 2011 JUST MOVED $44,000,000 WORTH OF BTC.
THE OWNER OF THE WALLET HODLED ALL THE WAY FROM $2 TO $65000!
THAT'S A WHOOPING 3,250,000% INCREASE pic.twitter.com/UBkyDN28fu
— Ash Crypto (@Ashcryptoreal) May 6, 2024
The Oldest Crypto Trading Strategy is Best – HODL’ing Works!
Another addition to this story is that it shows the power of Bitcoin and the blockchain in general. The blockchain data shows that the owner of this multi-million dollar wallet, sent their 687.3 BTC to another address, paying less than $2 in the process.
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$2 to move over $40m worth of assets, likely in less than 15 minutes. With the progress and advancement of crypto projects in general, it is easy to forget one of the O.G. use cases for digital currencies and how amazing it truly is.
Bitcoin Price Analysis – Is $100k on the Cards in Months Ahead?
(BTCUSDT)
Bitcoin has been between $63,000 and $64,200 over the past 24 hours, processing over $29 million in volume during the same period.
It sits comfortably on the trendline support, and many analysts are calling for a move toward $80,000 or more if this trendline holds.
The reawakened BTC whale wallet could be worth over $60 million if that happens. Only time will tell what this whale has planned, but if they managed to hold for a decade already, what is another 6-12 months, which will likely put us around the peak of this bull market?
On #Bitcoin 3-day chart, $BTC is pumping in every 4 months 🔥$BTC is now at the trendline support level and indicator shows there is high possibility to find the bottom here.
If $BTC holds this level, it will send HIGHER >$100k 🚀 pic.twitter.com/TzGHa8Oyie— Trader Tardigrade (@TATrader_Alan) May 7, 2024
Bonus: WeinerAI Presale Hit $1m Raise Milestone!
WienerAI is an ongoing presale that recently hit its $1 million raise milestone and it just keeps going. Degen investors are going crazy for this Wiener Dog, with the raise currently sitting at $1.2 million!
The team behind WienerAI are cleverly operating this presale in stages, whereby earlier investors receive a better price. The next price increase happens at $1.4m so there is still $200k left at this current price.
Another genius aspect of this presale is that you can stake your WeinerAI (WAI) for a whopping +781% APR, earning you more tokens while you wait for the presale to finish and the token to go live!
EXPLORE: How Are Bitcoin Mining Stocks Performing? MARA Shares Slumps as RIOT Posts $211M Q1 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital
