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A Dormant Bitcoin Whale Moves 246 BTC Worth $16.73 Million: Report

Published 07/04/2024, 11:09
Updated 07/04/2024, 11:15
© Reuters. A Dormant Bitcoin Whale Moves 246 BTC Worth $16.73 Million: Report
BTC/USD
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Coin Edition -

  • A dormant whale becomes active after 10 years and moves 246 BTC worth $16.73 million.

  • In 2013, the whale accumulated 4,272 BTCs at an average price of $29.39 per coin, totaling $125,541 at the time.

  • Lookonchain sheds light on another whale’s massive purchase of 113.735 BTC worth $7.85 million from Binance.

In a recent turn of events, a dormant Bitcoin whale who had been inactive for 10.5 years became reportedly active. As per a recent X post of Whale Alert, the dormant whale address holds 1,701 BTCs, a collection worth $1,060,796 in 2014. However, according to the current price of Bitcoin, the whale now holds Bitcoins worth an astounding $115,417,623.

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