A dormant BTC whale from 2012 resurfaces with massive profit, raising concerns in crypto community.

From Investing.com
November 18, 2024 06:30:19 am:

A dormant BTC whale from 2012 resurfaces with 400 BTC, now worth $35.8 million – a profit of 1,712,099%. Two other wallets also deposit 200 BTC on Bitstamp and transfer 351 BTC to a new wallet. Early Bitcoin investors are reemerging, raising concerns in the crypto community about potential profit cashouts.

Despite whale activity, BTC price continues to rise, absorbing supply. Not all coins make it to exchanges like Bitstamp, with large portions being moved to other wallets. The complex movement of Bitcoin from old investors indicates a more intricate scenario than simple profit cashouts.

The fate of Bitcoin as early investors begin to shift their holdings remains uncertain. With the oldest holders making moves, the situation is worth monitoring closely for potential impact on the cryptocurrency market.

Read more at Investing.com: Satoshi-Era Bitcoin Whale Stuns Bitstamp With 1,712,099% Profit By U.Today