Two Bitcoin whale addresses that had been dormant for almost 11 years suddenly came to life, surprising the market. Anonymous whale wallets initiated large-scale Bitcoin transactions, achieving significant profits from their early investments in the pioneering cryptocurrency.

Early Bitcoin whales move 1000 BTC

Blockchain analytics platform Lookonchain recently visited X (formerly Twitter). expose two Whaling wallets from the Satoshi era that had been inactive for 10.7 years and suddenly began to show signs of activity. An on-chain data analytics tool revealed that anonymous whale wallets, identified as “16vRqA” and “1DUJuH”, transferred a total of 1,000 BTC worth $60.9 million within 20 minutes.

According to Lookonchain, two earlier dormant Bitcoin whale wallets bought approximately 500 BTC each on September 13, 2013, just four years after the cryptocurrency’s inception. At the time, BTC was trading at around $124, thousands of dollars less than its current price.

Each of the whale BTC wallets previously contained 500 BTC worth approximately $62,000. Now with Bitcoin price just over $61,200 at the time of transfer, these anonymous Bitcoin whales made significant profits. Over the past 10 years, Bitcoin’s value has skyrocketed by an astonishing 47,873%, with each wallet’s initial $62,000 BTC investment now yielding a profit of $30,387,372.

This significant profit can be attributed to the Bitcoin whale long years of cultivating a pioneering cryptocurrency. Going back to the early days of BTC, when only a miniature portion of today’s crypto community saw its potential, a few wise investors purchased significant amounts of cryptocurrency at a low price. They have maintained their holdings as BTC has evolved, witnessing its gradual price boost over the years.

After Bitcoin surged to a record high of $69,200 in March, another Satoshi-era bitcoin whale wallet had done a large-scale BTC transaction involving the sale of 1,000 BTC and making profits over $69 million. After the transfer, the BTC price dropped significantly, highlighting the forceful impact large-scale BTC transactions have in the current market.

BTC The price shows a slight boost

After moving 1,000 BTC through two previously inactive whale wallets, the price of Bitcoin, which was initially just above $60,000, increased by 2.92% in just 24 hours. The cryptocurrency is currently trading at $62,800, which shows bullish signals as its daily price chart shows mostly green candles.

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Daily Bitcoin trading volume of approximately $18.1 billion also saw a significant boost of 41.23%, highlighting the sudden boost in interest and demand from investors. Currently, it is uncertain whether BTC will maintain this bullish momentum, considering that the cryptocurrency has been previously are experiencing significant declines after the halving that took place on April 20.

Over the past month, CoinMarketCap has gained 8.45% Bitcoin decline and another decline of 4.15% in the last seven days. As recent signs of interest in BTC appear on the market, the cryptocurrency’s price correction may end, indicating the beginning of a crisis potential recovery.

BTC price at $62,500 | Source: BTCUSD on Tradingview.com

Featured image from CoinCentral, chart from Tradingview.com