Bitcoin whale makes record profit after 10 years of inactivity

Amid the historic rise in the value of bitcoin BTC $104,747.58 Bitcoin -2.12% Market capitalization $2.07 trillion VOL. 24 hours $3.7 billion , a large number of crypto traders have resumed activity after years of lull. Thus, according to Whale Alert, a cryptocurrency trader made two transactions for the first time in 10.9 years, moving a total of 50 BTC in two separate batches.

It is reported that this cryptocurrency wallet received 50 BTC back in 2014, when the amount of funds was estimated at $ 44,030, which corresponds to a price of $ 880.60 per unit. Currently, the same amount of cryptocurrency is worth $ 4,806,870, providing an incredible 10,817% increase.

According to the transactions, 47 BTC were transferred to an unknown address, and 3 BTC were transferred to a wallet linked to the Coinbase exchange.

It is worth adding that after bitcoin reached a historical high, all old investors in BTC are in profit, which makes the current period favorable for activation. Although the return of such «sleeper» whales may increase the pressure on bitcoin sales, the overall market excitement supports the asset’s growth.