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Major blockchain sleuth Whale Alert, which monitors large cryptocurrency transfers, sharing their details on its website and X account, spotted an ancient Bitcoin wallet coming out of a decade-long hibernation a few hours ago.
The last time this wallet was used was early 2012 — two years after the mysterious Bitcoin creator, Satoshi Nakamoto, made the decision to leave the public space and move on to other projects after BTC.
Satoshi-era whale returns with mammoth profit
According to the aforementioned data source, this anonymous dormant wallet holds 479 Bitcoins, which are now worth $53,683,598. Back in 2012, when this wallet was activated (12.8 years ago), this amount of BTC cost approximately $5,748, which means that this dormant Bitcoin has experienced a surge of 933.853%.
Details provided by Whale Alert show that the whale made two trial transactions, moving 0.24998803 and 0.00039728 Bitcoin to two different anonymous wallets.
Currently, Bitcoin is changing hands at $110,480 per coin after displaying a 1.85% decline from the $112,550 price level. That mark was the highest one reached by BTC since Aug. 30, when, after a 5.3% drawdown, the world’s largest cryptocurrency lost the $113,470 level.
$328 million enters spot Bitcoin ETFs
Data shared by the analytics account Lookonchain on the X social media platform said that on Sept. 3, spot Bitcoin ETFs experienced large inflows, while Ethereum ETFs were stunned with similarly large outflows.
In total, Bitcoin exchange-traded funds scooped up $328.94 million (2,933 BTC). The largest inflow went into the Fidelity Wise Origin Bitcoin Fund (FBTC), equaling 1,157 BTC and worth $129.78 million.
BlackRock and Ark Invest absorbed a roughly similar amount of crypto, 658 and 650 BTC.
As for Ethereum ETFs, they faced a major outflow of 49,829 ETH worth $222.49 million. The biggest one hit the Fidelity ETF, which lost 23,365 ETH, equal to $104.33 million.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team