While it isnโt clear whether the trader will offload the $148 million worth of Bitcoin, whales have been partially blamed for causing considerable sell-side pressure in recent months.
A Satoshi-era Bitcoin whale has reawakened after nearly 14 years of dormancy, making a test transaction from its 2,100 Bitcoin stash worth nearly $148 million at current market prices.
Data from mempool.space shows around $47 worth of Bitcoin (BTC) was transferred from wallet address โ1NB3ZโฆQB6ZXโ to a fresh address on Friday at 10:27am UTC.
The Bitcoin whale had been dormant since July 2012, when they scooped up the 2,100 Bitcoin at roughly $6.5 a coin for about $13,685, Whale Alert noted, meaning the trader is up more than 1,000,000% since 2012.
