Krutika Adani
A Satoshi-era Bitcoin wallet has woken up along with several others who have redeemed their investments after the Bitcoin Halving.
The wallet was last active around 2012, when the price of Bitcoin was, on average, $350.
The address contains just 31 Bitcoins valued at over $1.8 million. Though it may not seem much, several such whales have been selling Bitcoins, causing its price to remain suppressed.
Comparing it with the Bitcoin price when the wallet was last active, we see it has accumulated over 500,000% in profits.
The largest Bitcoin whale is supposed to be Satoshi Nakamoto, who Arkham Intelligence reports to own over $1 trillion in BTC.