According to the whale-tracking bot, Whale Alert, a long-dormant Bitcoin (BTC) whale has resurfaced after more than a decade of dormancy.
According to Whale Alert, the address, which was last active in October 2010, recently shifted 489 Bitcoin valued at more than $20 million.
The crypto assets were shifted to an undisclosed wallet by the wealthy investor.
Bitcoin was valued at around $0.17 when the inactive address was operational, when the address was inactive, the top crypto asset by market cap appreciated by a whopping 23,150,500 percent.
People speculate that big, dormant Bitcoin wallets may contain Satoshi coins or BTC belonging to the pseudonymous founder of the flagship digital asset, Satoshi Nakamoto, which sparks public conjecture.
Satoshi’s identity and whereabouts are unknown. His last public statement was sent on the Bitcoin Talk online forum in December 2010, just a few weeks after the dormant wallet began its 11-year hibernation.
Another dormant whale address awoke in December and sent 500 BTC to an unknown account, worth roughly $23.6 million at the time. Likewise, the crypto world was intrigued by this incident since many speculated that it could have belonged to Satoshi.
At the time of writing, bitcoin was trading at $39,356, down a little more than 40% from its all-time high of $42,438 reached in November 2021 and 7% below its seven-day high of $42,438.