Cryptocurrency wallet moves $ 31 million worth of bitcoins and makes 600,000% profit

Lookonchain analysts have recorded that a cryptocurrency wallet that has not made a single transaction in the last 11 years moved 1037 BTC worth about $ 31 million on July 22. An unknown bitcoin whale sold the assets at a rate of $ 29,956. At its peak in November 2021, the virtual coins on the whale’s wallet were worth about $ 71.6 million.

The investor received his assets on April 11, 2012, at a price of $ 4.92, thus his profit amounted to about 600,000%.

At the time of writing, BTC is trading at $ 29,183, having dropped by 1.93% over the day. The coin’s market capitalization amounted to $ 612.8 billion, and traders made daily trading deals worth $ 14.5 billion.

Earlier, we told you about an anonymous cryptocurrency owner who increased his investment 365,000 times by purchasing BTC back in 2010. on June 15, the crypto-king came out of hibernation after 13 years, with 50 BTC (equivalent to $ 1 459 160 at the current exchange rate) on his account. The anonymous owner of the cryptocurrency transferred all the savings to another wallet.

In turn, in the spring of this year, an unknown crypto-miner transferred bitcoins totaling more than $ 1 billion to another crypto wallet. This was the largest BTC transaction of 2023 so far. The commission for cryptocurrency transactions amounted to only $ 81.6.