U.Today – According to popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, an ancient whale has come back to life after nearly 11 years of hibernation.
Dormant Bitcoin Whale Makes Staggering Profits
Whale Alert reported that a wallet that had been dormant for 10.8 years (since 2013) has come back to life. It contains a whopping $8,094,469 worth of Bitcoin. The amount of BTC contained in the wallet is equivalent to 146 coins, and in 2013, they were valued at $80,257.
Since then, the value of that Bitcoin has skyrocketed by 9,985%.
The year 2013 was quite volatile for the price of Bitcoin. At the beginning of the year, BTC was trading at just $13. In April, it suddenly rose to $266 before plummeting to $50 per coin. In November, the rise was even more surprising than in the spring. Fueled by the hype caused by media attention, expanding adoption, and speculation, the largest cryptocurrency soared to $1,000 per coin.
At the time of writing, Bitcoin is trading at $55,242.
This article was originally published on U.Today
