Dormant Bitcoin Whale Awakens After 6-Year Hiatus

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Dormant Bitcoin Whale Awakens After 6-Year Hiatus
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A previously dormant Bitcoin whale has sprung to action after six years, transferring an impressive 2,995 BTC

The whale originally acquired these coins back on May 7, 2016, when Bitcoin was trading at a mere $459 per coin. Furthermore, in August, a Bitcoin address believed to be from the era of Bitcoin's enigmatic creator, Satoshi Nakamoto, was activated after being idle for nearly 13 years, transferring 1,005 BTC worth around $29.7 million. The age of this particular address reignited speculation about its possible ties to Nakamoto.

98 billion in the same period, Bitcoin's market cap stands at around $538.38 billion.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

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