In a surprising turn of events, a dormant Bitcoin (BTC) wallet dating back 11.7 years suddenly came back to life. The Bitcoin whale transferred a staggering 500 BTC, equivalent to a jaw-dropping $34.78 million, to multiple new wallets. The move comes precisely before the Bitcoin Halving event, which is expected to propel the BTC price past $100,000. Hence, the dormant Bitcoin whale’s re-entry signifies a major development.
Dormant Bitcoin Whale Makes Massive Transfer
The Satoshi Nakamoto era wallet in question had initially received the 500 BTC on July 14, 2012. At the time Bitcoin was valued at a mere $7.57, making the initial investment worth a modest $3,786. Moreover, it suggests a 920,000% profit and the recent transfer could catalyze the Bitcoin price movement.
Furthermore, this unexpected activity has sparked intrigue within the crypto community, particularly given its timing just days before the highly anticipated Halving event in April. The Halving event, which occurs approxi
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