An anonymous Bitcoin (BTC) holder has emerged from dormancy after nearly 11.2 years, according to data from Whale Alert. The whale, a term used for large Bitcoin holders, reactivated an address containing 750 BTC, valued at approximately $50 million based on current market prices.
The address, “1a6Zn,” had been inactive since June 4, 2013, when Bitcoin was priced around $120 per coin. Today, the 750 BTC is worth about $50 million, representing an impressive 53,583% return on the initial investment. When broken down annually over the 11.2-year period, this translates to a 4,784% return per year.
Following this long period of inactivity, the whale has transferred all 750 BTC to a new address, “bc1qc.” The reason for this transfer remains unclear, but one plausible explanation could be an upgrade in security measures. Over time, Bitcoin custody standards have evolved, and the transfer may reflect a move from the older “1” address type to the more secure “bc1” format.
This event is part of a recent trend where dormant Bitcoin addresses have become active again, particularly notable in July. Some market observers interpret such actions as bearish, speculating that holders might be preparing to cash out substantial gains. However, given the lengthy period the BTC was held, it’s also possible that this move does not necessarily signal an intent to sell.
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