A dormant Bitcoin whale address has reactivated after seven years, according to OnchainLens, in a move that drew fresh attention to long-inactive large holders on the network. The address has held 2,931 BTC since Bitcoin was priced at about $6,500 and had remained inactive throughout that period.
At current valuation, the holdings are worth about $188 million, based on the figures cited in the report. OnchainLens said the position has increased in value by roughly 10x since the address first accumulated the coins. No additional transfer details or destination addresses were disclosed in the source item.
The update was first reported by ChainCatcher as a brief market-moving whale alert under its whale movement coverage.
A Bitcoin whale address that had been dormant for seven years has become active again, according to monitoring by OnchainLens.
The wallet holds 2,931 BTC
The address has held 2,931 BTC since Bitcoin traded at about $6,500. The stash is now valued at about $188 million and had remained inactive during the entire period. Based on the figures cited by OnchainLens, the holding has appreciated by about 10x.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
