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Bitcoin OG Awakens After 14 Years with Large Transfer
A Bitcoin OG, who held a significant amount of Bitcoin since the early days, has unexpectedly resumed activity after 14 years of dormancy, transferring 40,000 BTC valued at up to $4.35 billion today.
According to Lookonchain data, this OG owns at least 80,009 BTC, which current valuations place at around $8.69 billion.
What is astonishing is the origin of these BTC:
- The first two wallets received a total of 20,000 BTC on April 2, 2011, when Bitcoin was only around $0.78. Back then, that was a mere $15,600 in value, but now it’s skyrocketed to approximately $2.18 billion.
- The remaining six wallets received 60,009 BTC on May 4, 2011, when Bitcoin’s price was $3.37. Those holdings were valued at just $202,000 then, but today they are worth about $6.52 billion.
This activity immediately drew attention from the entire market. Out of the 8 wallets managed by this OG, 5 have transferred a total of 50,000 BTC, while 3 remain inactive.
Market sentiment is now divided: should we expect a free fall or skyrocket to new heights?
The fifth address has been revealed: HERE.
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AI Analysis
The recent activity by this Bitcoin OG marks a significant event in the cryptocurrency community. Holding over 80,009 BTC accumulated since 2011, this entity’s reactivation suggests possible major shi...
AI Recommendation
Given the scale of this activity, it’s prudent to adopt a cautious stance. If holding significant Bitcoin, consider tightening stop-loss levels to mitigate potential downside if these coins are sold o...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.