2012, the year when everyone thought the world might end, a Bitcoin The account saw its launch and received 616 bitcoins on 10 December 2012. At that time, the value of bitcoin was around $13.30 (roughly Rs.980). 616 bitcoins took the value of this account to $8,195 (approximately Rs.6 lakhs). Since then, the account has done negligible transactions and has been sleeping for almost 9 years till now. This account has recently transferred all bitcoins to another account, showing a profit of 358,655 percent! As per the current bitcoin price, this amount is now $29.40 million (approximately Rs 216 crore). This increase in price has made cryptocurrency Wallet a “whale.”
Whale accounts are accounts that hold large amounts of bitcoin and are powerful enough to influence the cryptocurrency market. These accounts are popular and under scrutiny for their controversial moves. Therefore, all transactions made by such “whale” accounts are carefully observed to understand the pattern of the highly volatile market.
At the time when this account received such a large number of bitcoins, understanding of the cryptocurrency was scarce, and people rarely trusted the way the currency operated. Those who have taken the leap of faith are sitting on top of a gold mine and have questionable control over the market.
According to Blockchain.com after the transaction, the current value of the account is only $25 report good.
Now, this is not the first time that such an account has been revived after a long time and huge transactions worth millions of dollars have been done. In July this year, an account called Whale Alert, which tracks the activity of whale cryptocurrency accounts, reported another such account, which came into existence after 9 long years and contained 791 bitcoins worth around Rs 250 crore. Were.
Furthermore, in July itself, a group of whale accounts that were inactive since December 2019 bought bitcoins worth Rs 62,789 crore, a report by NDTV Gadgets 360 said.
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