Major cryptocurrency owner suddenly moves $ 115 million worth of bitcoins after 10 years of inactivity

According to WhaleAlert, a tracking tool that analyzes transactions on various blockchains, a major cryptocurrency holder suddenly moved his bitcoins on Saturday. The investor’s wallet contained BTC worth $ 115.4 million.

Ten years ago, bitcoin was trading at only $ 440, while the wealth of the whales of those times has soared by more than 15,600%. At the time of writing, the flagship cryptocurrency is trading at $ 69,806.

The activity of the large investor has attracted considerable interest from the cryptocurrency community, and crypto enthusiasts are speculating about the possible reasons for the sudden revival of the whale’s activity. It is noteworthy that the activation of a $ 115 million bitcoin address took place just a few days before the upcoming halving event. It is unclear whether these two events are somehow connected. However, some social media users have suggested that the whale may start selling before the halving event.

As a reminder, in January, the crypto whale conducted record-breaking bitcoin transactions worth almost $ 2 billion in just 5 minutes. One after another, transfers were made for 10,486 BTC ($ 450.33 million), 9,445 BTC ($ 405.63 million), 11,115 BTC ($ 477.58 million), and 8,859 BTC ($ 380.65 million). Numerous traders have suggested that all the transactions were made by one owner who keeps his digital assets at several addresses.

According to users of the X platform, it could be an institutional investor or some large entrepreneur. Some have suggested that the head of MicroStrategy, Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672″ data-wpel-link="internal">Michael Saylor, may be involved.