Bitcoin whale awakens after 14 years, sitting on $148 million windfall
A Bitcoin whale holding 2,100 BTC, worth $148 million, recently moved a tiny fraction after 14 years of dormancy.Summary
An early Bitcoin holder, associated with wallet 1NB3ZX, has become active after nearly 14 years of inactivity. This whale controls 2,100 BTC, currently valued at approximately $148 million. The wallet first received its entire balance on July 5, 2012, when Bitcoin was trading around $6.59, meaning the initial investment was only about $14,000, resulting in an unrealized profit of about 10,710 times the initial cost.
On Friday, the wallet transferred a minuscule amount, 0.00079 BTC (worth about $56), to an unknown address. Such small initial transfers are often a precursor to moving larger sums, used by holders to confirm wallet access and destination details.
This event occurs as other Bitcoin 'OG' holders have also started selling, with Lookonchain reporting that two early adopters sold over 1,650 BTC ($117 million) on Wednesday, amidst a hawkish Federal Reserve stance suggesting limited rate cuts.
(Source：Crypto Briefing)