In a surprising development, another long-dormant Bitcoin whale has resurfaced after nearly 11 years of inactivity. According to Whale Alert, a Bitcoin address identified as “1PNRpMZ,” containing 18 BTC, became active again this week. The wallet, last active in November 2013, saw part of its holdings transferred to two new addresses, “3EgCi” and “15UaJb.”
The early Bitcoin investor, who acquired the 18 BTC for approximately $10,883 in 2013, now holds assets worth around $1.15 million, marking a staggering 10,408% increase in value.
Interestingly, the choice of address types in the transaction stands out. Bitcoin addresses come in three main types: Legacy (starting with “1”), Pay-to-Script Hash (P2SH, starting with “3”), and Bech32 (starting with “bc1”). While modern transfers often favor the Bech32 format, optimized for lower fees and better scalability, this investor chose the older Legacy and P2SH types.
Legacy addresses offer basic functionality and less efficiency, while P2SH addresses enable more complex transactions like multi-signature wallets. The majority of the whale’s BTC still resides in the original Legacy format “1PNRp,” suggesting the investor continues to favor the older structure.
This recent activation follows a trend of dormant Bitcoin whales coming back to life in recent months, signaling the return of early investors who have held onto their coins through significant market cycles. For this particular whale, the return on investment averages a remarkable 946.2% per year.
Related Topics:
