Bitcoin whale completes $ 257 million transaction after 11 years of inactivity

The owner of a large number of bitcoins, known as the «whale,» recently made a record-breaking transaction worth $ 257 million. He moved his 2,700 BTC $104,224.42 Bitcoin -1.48% Market capitalization $2.06 trillion VOL. 24 hours $3.51 billion after 11 years of inactivity.

According to data from analytics company Lookonchain, this «whale» received 2,700 BTC back in December 2013, when bitcoin was worth only $ 625.

The huge transfer has attracted attention on social media, where users are actively discussing the reasons for such a transaction. Several users suggested that the cryptocurrency owner could have been waiting for the divorce to be finalized or, conversely, rushed to sell, believing that «it is better to keep up to $ 1 million.»

Such transfers from long-dormant wallets are not common, but this case was special because of its scale.

Now that bitcoin is approaching the $ 100,000 mark, it is possible that this «whale» has decided to realize his assets while the price of cryptocurrency continues to rise. At the moment, bitcoin is up 128.11% since the beginning of the year.

Such large transfers are not common, as there are currently only 1,978 wallets that contain more than 1,000 BTC.