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Guavy AI Editorial Team••Sentiment: 3•Clout: 85

Bitcoin Whale Wakes Up After Seven-Year Slumber

BTCARKM

A significant Bitcoin whale has ended a seven-year and nine-month period of inactivity by transferring $188 million worth of BTC to a new address.

The transaction occurred on Sunday, with the wallet '356my…BAsmK' moving 2,931 BTC to an unmarked address 'bc1qn…8gp25', according to Onchain Lens and Arkham data.

The recipient address has not moved the bitcoin since receiving it. The whale's last transaction took place on Oct. 23, 2018, when Bitcoin traded at approximately $6,475, indicating a nearly tenfold increase in value over time.