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Title: Satoshi-Era Bitcoin Whale with $468,046,931 BTC Exposed After 14.5 Years’ Sleep
A recent revelation has sent shockwaves throughout the cryptocurrency market as a long-dormant Bitcoin whale has been reactivated after an astonishing 14.5 years of inactivity. According to Whale Alert, a prominent cryptocurrency tracking service, the wallet in question had been inactive since 2011 when Bitcoin was trading at a mere $0.37 per coin.
The reactivated wallet, which held a staggering 3,962 BTC, has now become the subject of intense speculation and scrutiny within the industry. The current value of this large stash of Bitcoin is an astonishing $468,046,931.
It is important to note that the whale’s intentions remain unclear at present, and only time will tell if it decides to sell or hold its massive holdings. Nevertheless, the sudden resurgence of this dormant wallet has sent a ripple effect through the cryptocurrency market, leading to widespread speculation on potential price movements.
For context, it is worth noting that the recent 24-hour crypto market crash, resulting in losses exceeding $200 billion, has sparked numerous theories about possible whale activities and their impact on market sentiment.
Source: u.today
