Crypto tracking service Whale Alert has just tweeted that a crypto whale that accumulated his Bitcoins in the early days of BTC has transferred 5,000 Bitcoins from a wallet that was last used seven years ago—in 2014.
In fiat, this amount represents a whopping $280,814,423.
Alex DovbnyaOn Feb. 25, U.Today reported that approximately half of the aforementioned amount of Bitcoins moved were from wallets last used seven and ten years ago.
In the past few years, any movement of Bitcoins mined back in those early days of crypto has caused new bull runs for Bitcoin.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin