Bitcoin Whale Awakens After 10-Year Dormancy
A Bitcoin wallet that had remained inactive for 10.3 years recently came to life, sparking interest in the cryptocurrency market. The wallet, which lay dormant since January 12, 2014, suddenly transferred all 687.33 Bitcoins, valued at $43.94 million.
Notably, the owner of this wallet had purchased the Bitcoins for $630,000 when the price was $917, marking a significant increase in value over the years.
PEPE Investments Witness Whale Activity
In addition to the Bitcoin whale's activity, another whale engaged in PEPE investments, showcasing remarkable profitability. This investor spent 1.26 million USDC to acquire 142.96 billion PEPE tokens at $0.000008831 per token.
Over the past six months, this whale conducted seven PEPE transactions, yielding profits in six of them. With an impressive success rate of 85.7%, the investor accumulated a total profit of $915 thousand from PEPE transactions.
FriendTech (FRIEND) Whales Reap Substantial Profits
FriendTech (FRIEND) whales have also made notable gains amid recent market movements. With the price of FRIEND surging by over 60% in the last two days and reaching above $3, early investors witnessed significant profits.
The top five buyers of FRIEND tokens have collectively amassed approximately $2.89 million in unrealized profits, highlighting the lucrative nature of their investments.
In conclusion, the resurgence of dormant wallets and the profitable activities of Bitcoin and altcoin whales underscore the dynamic nature of the cryptocurrency market.