COINOTAG reported on November 15th that an ancient Bitcoin whale, dormant for 14.3 years, has recently become active, as per the analysis from Onchain Lens. Initially acquiring 2,000 Bitcoins when the cryptocurrency traded at merely $0.067, this whale’s wallet has now stirred, leading to the transfer of funds to a new wallet before dispersing them across 50 separate wallets. The current valuation of these Bitcoins has skyrocketed to approximately $176.2 million, underscoring the substantial appreciation that Bitcoin has witnessed over the years. This development attracts significant attention within the crypto space as it potentially signals fresh momentum, demonstrating the dynamics of long-term holders redefining their positions in the market. Investors and analysts alike are monitoring this activity closely to gauge its potential impacts on Bitcoin’s overall liquidity and price trajectory.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-awakens-after-14-3-years-moves-176-2-million-in-btc-to-multiple-wallets/