Cryptokit moved over $ 2 billion in cryptocurrency after 7 years of inactivity

On Tuesday, January 16, an unknown owner of the flagship crypto asset BTC $55,874.40 Bitcoin -2.20% Market capitalization $1.1 trillion VOL. 24 hours $2.68 billion moved 49,866 BTC, which is approximately $ 2.13 billion. This is evidenced by the analytics of the CryptoQuant platform.

Experts noted that the funds had not moved for 5 to 7 years. They calculated that the average price of bitcoin was $ 6672 at that time. Analysts also added that since then, the price of the first cryptocurrency has increased by about 640%.

In addition, CryptoQuant reported that 49,866 BTC were not sent to the exchange.

«Recently, it has been common to see whales quietly selling or buying assets without leaving a trace, as far as possible. However, in the short term, you need to be careful that the bitcoin you bought cheaply does not move,» the experts said.

Earlier, we reported that a major cryptocurrency owner suddenly lost $ 230 million in bitcoin after 6 years of inactivity. According to OKLink, a blockchain explorer, the Cryptocurrencies ended up at three addresses on November 5, 2017. At the time of writing, the value of the transferred BTC exceeded $ 230 million.