Ancient crypto $BTC $ETH wallets are awakening one after another, what's driving them? whale_alert
ancient crypto addresses
holding Bitcoin and Ethereum have been reactivated and started moving their crypto. Last week, two BTC wallets awakened after staying inactive for 10 and 9.3 years. They shifted 1,128 BTC and 6,078 BTC, respectively. Several Ethereum whales inactive since the ETH ICO in 2014 have also awakened recently. One of them shifted 1 ETH, but the wallet still contains 2,365 ETH evaluated at $4,377,447 USD.
Many Twitter users have been joking in the comments to these tweets about ancient crypto wallets that their owners have probably just managed to finally locate their keys after so many years. All these ancient whales who have been reactivating their wallets seem mostly to be selling their crypto. However, now it does not seem to be the best time for that — Bitcoin hit an all-time high of $69,000 in November 2021, currently trading at $27,444 — that is, down 60.09% from its historic peak. Ethereum reached its ATH of $4,891 at about the same time, now changing hands below $2,000, down 62.21% from that historic level.
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