TL; DR failure:
- The old bitcoin wallet has grown to nearly $ 7 million to nearly $ 7 million after eight years of inactivity.
- Some bitcoin buyers are worried that the holder intends to delete the coins.
According to the Whale Alert, an old bitcoin wallet worth less than $ 7,000 BTC has increased almost 4,500 times in the last eight years.
The awakening of the old Bitcoin wallet increases to 4500 times
Whale Alert, Encrypted Whale Tracker, reported Bitcoin wallet on September 19, noting that it has been off for about 8.8 years. In 2012, the wallet contained 616 bitcoins, valued at only $ 6,667 at the time. The price of bitcoin has risen by more than 440,000, bringing the initial price to more than $ 29 million.
In March, Ramzifa reported a similar story in which an old bitcoin wallet was inactive after about seven years (it had a recent transaction). The wallet contained 5,000 bitcoins, valued at $ 280 million. This shows the importance or profitability of long-term HODLing. However, some bitcoins are concerned about activating many older URLs.
Worry about launching old bitcoin wallets
A recent whale warning suggested some bitcoins may be activating these wallets for evacuation.
When these URLs wake up, it’s not a good sign because it means they want to sell and rebuild cheaper. These people are in contact with other large whales, which means that garbage is probably on the way. “
At the time of writing, the leading digital currency is falling below $ 45,000. The price of Bitcoin reached $ 48,700 on September 18. However, it seems that buyers are tired, it is not possible to reach $ 50,000. At current prices, Bitcoin has fallen more than 6% in the last 24 hours and its capital is about $ 846 billion.