A Bitcoin whale that had been dormant for over a decade has suddenly come back to life, witnessing an astonishing return of over 541,265%. The prominent market tracker, Whale Alert, brought attention to this surprising event in a recent post on X. They revealed that the Bitcoin wallet “1Ny6Ry…PHv8C,” which previously held 37 BTC tokens, has been reactivated after 11.8 years of inactivity.
The dormant whale has now made a profit of $2.57 million, as the 37 BTC tokens that were once valued at just $476 in 2012 have now grown to an impressive $2,576,901, with Bitcoin’s price skyrocketing to $70,000.
This incredible return on investment has generated significant buzz within the crypto community, with many speculating about the whale’s next move. This awakening is not an isolated event, as just yesterday, another Bitcoin wallet “114fYCG…p1oeva,” holding 26 BTC since 2012, was also activated, resulting in a profit of over $1.8 million after 12 years of holding the asset, representing a return of over 599,639%.
In the past week, several Bitcoin addresses that have been inactive for over a decade have been coming back to life, reaping profits of millions of dollars. One wallet, in particular, was reactivated to discover over $48 million after holding 750 BTC for 11.2 years.
This trend of dormant whales awakening is not limited to Bitcoin alone. Last week, a wallet holding 977 Ethereum tokens, now valued at over $3.37 million, was also reactivated after nine years of dormancy.
With Bitcoin hitting an intraday high of $69,851 and trading at $69,734 at press time, the price of BTC has surged by 138% over the past year. As these dormant whales continue to awaken amidst the rising values of cryptocurrencies, it remains to be seen how they will impact the market in the future.