A large owner of the bitcoin cryptocurrency increased its profit by 94,700% after 11 years of inactivity

A remarkable event that has attracted the attention of the cryptocurrency community is the awakening of a dormant bitcoin wallet. A major cryptocurrency owner increased its profits by 94,700% after 11 years of inactivity.

As reported by Wu Blockchain, citing Whale Alert, the address containing 190 BTC, currently valued at approximately $ 11.49 million, was activated on August 10 after almost 11.4 years of inactivity.

In 2013, 190 BTC were valued at $ 12,125. Today, their value has increased 947 times. Inactive bitcoin wallets often attract the attention of the cryptocurrency community, as they are often associated with the first users or miners of bitcoin.

The sudden activation of the 1HQQPPrYWMku88rMAM3c4tzxS2v7MWjVbu address raises questions about the whale’s intentions — whether it wants to sell or keep its BTC. In this case, the whale’s intentions remain unknown, and the market is still in a state of readiness for any further moves.

As a reminder, in July, a sleeping wallet transferred 1000 BTC to 2 new wallets. As reported, the user received these bitcoins on September 25, 2012, at an average price of $ 12.06. Earlier, two other bitcoin whales woke up after more than a decade of hibernation. Although such bitcoin transfers are quite common, coins that are more than ten years old are usually considered lost.