Lookonchain said a long-inactive Bitcoin OG has moved 5,908 BTC into a new wallet after eight years of dormancy, with the holdings now valued at about $383 million. The on-chain tracker said the wallet originally received the 5,908 BTC eight years ago, when Bitcoin was trading at $16,865, and had held the position ever since. Based on the figures provided, the position is now sitting on an unrealized profit of roughly $283 million, representing a gain of 284%. The transfer stands out because of both the size of the holdings and the length of time the coins had remained untouched before being moved.
According to Lookonchain, a Bitcoin OG moved 5,908 BTC to a new wallet after eight years of inactivity. The holdings were valued at about $383 million at the time of the transfer.
Lookonchain said the wallet received the 5,908 BTC eight years ago, when Bitcoin was trading at $16,865, and had held the coins until now. Based on the figures cited, the position is showing an unrealized profit of about $283 million, up 284%.
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