News View Non-AMP

Bitcoin Whale Awakens After 10 Years, Moves $43 Million: Should Investors Worry?

Published by
Mustafa Mulla

The crypto world is synonymous with ‘unpredictable’. Now, a long-dormant player has made a dramatic return, capturing the attention of Bitcoin enthusiasts everywhere.

After more than a decade of silence, a wallet believed to be linked to Bitcoin’s mysterious creator, Satoshi Nakamoto, has sprung back to life, igniting a storm of curiosity and speculation.

Waking Up

Whale Alert, a platform that monitors blockchain activity, sounded the alarm. An inactive Bitcoin giant recently made significant moves, transferring a whopping 687.33 BTC to two undisclosed wallets. The total value of these transactions? A staggering $43.89 million.

One transaction involved the transfer of 625.42 BTC, valued at $41 million, while the other moved 61.9 BTC, equivalent to approximately $2.89 million at the time.

This sleeping giant had been lying dormant for exactly 10.3 years before this sudden awakening. Back in 2014, when Bitcoin was still finding its feet, it was worth $917 per coin. From an initial investment of just $630,000, the wallet’s value skyrocketed to an astonishing $43.89 million—a mind-blowing profit surge of 6,875%.

Selloff Incoming?

Yet, with great fortune comes great speculation. Rumors abound about a potential selloff. Is this resurgence a strategic move by the wallet owner to cash in on their Bitcoin amidst the recent price surge?

The reactivation of this wallet brings back memories of Satoshi Nakamoto’s mysterious presence. The figure, allegedly the mastermind behind Bitcoin, briefly resurfaced in 2014 to dispel rumors linking him to a Japanese-American named Dorian S. Nakamoto.

Despite the buzz, experts remain cautious. Data suggests that there’s no direct link between this wallet’s activity and recent Bitcoin price movements.

Bitcoin Price Analysis

Meanwhile, Bitcoin has surged to new heights, surpassing the $65,000 mark. The cryptocurrency is currently trading comfortably above its 50-day and 100-day Exponential Moving Averages (EMAs) at 63,927 and 60,191, indicating bullish short and long-term trends.

Bitcoin’s value now stands at $65,296.60, with a staggering market cap of $1.28 trillion. However, there’s been a slight dip in the 24-hour trading volume, down 7.49% to $18.27 billion.

This Might Interest You: Uniswap Hack: Multicall Misused in Phishing Attack, Drains 85 Lido ETH

What could be the reason behind this long-dormant wallet waking up? Let’s hear your theories!

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

PEPE Price Prediction 2025, 2026 – 2030: Can Pepe Memecoin Reach 1 Cent?

Story Highlights The live price of the PEPE meme coin is . Pepe coin price…

April 25, 2025

Bitcoin Whale Profits $4.7M from 50 BTC Mined 15 Years Ago

A Bitcoin whale just woke up, moving 50 BTC mined over 15 years ago, now…

April 25, 2025

Mercari’s Mercoin Exchange Rolls Out XRP Trading with Wallets Starting at 1 Yen

Mercoin, a Japanese crypto services provider and subsidiary of Mercari Inc., has recently expanded its…

April 25, 2025

Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close?

The crypto market displayed a blend of bullish momentum and sector-driven outperformance, signaling a potential…

April 25, 2025

XRP News Today : Ripple IPO Plans On Hold Says Ripple President, Monica Long

Ripple News April 25th: Despite ongoing buzz and years of speculation, Ripple has confirmed it…

April 25, 2025

Is This the Game-Changer Pi Network Needed?

The Pi Network community just got some exciting news — and it could mean big…

April 25, 2025