Dormant Whale resurfaces to sell 1,004.5 BTCs worth $56.9 million!
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Author: Elena R
Author: Elena R
Elena R 
Author
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has 10+ years of writing experience – based on which she is a journalist with a keen interest in researching new insights into the crypto arena.
July 6, 2024 12:20 p.m
Elena R
Author
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has 10+ years of writing experience – based on which she is a journalist with a keen interest in researching new insights into the crypto arena.
A wallet holding 1,004.5 bitcoins re-emerged in the early trading hours after more than 10 years of dormancy. According to the report, this whale received 1,004.5 BTCs in two transactions of 620 BTCs and 383.99 BTC on November 25, 2013 and March 13, 2014, which averaged 738 km at the time at a price of $735. At a selling price of $56,670 per BTC, this whale made a profit of $56,162,000 or +7,610.03%.
