Ancient Bitcoin Whale Awakens, Abruptly Moves $60,700,000 in BTC at 4,258% Profit After Lying Low Since 2013

A long-dormant Bitcoin (BTC) whale is suddenly awakening after lying low for over nine years, according to on-chain data.

Highlights

A long-dormant Bitcoin (BTC) whale is suddenly awakening after lying low for over nine years, according to on-chain data.
Blockchain tracker Lookonchain reveals that the address, which had previously transacted in December of 2013, has transferred 2,071.5 Bitcoin worth approximately $60.7 million.
With Bitcoin trading at $28,894 at time of writing, the BTC has recorded a 4,258% profit.
Over the wallet’s nine-year period of dormancy, trace amounts of Bitcoin, typically BTC worth cents, were sent to the address.
Dusting attacks usually occur for various reasons including academic research, spying and criminal intentions.

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