U.Today – A novel shockwave has hit the cryptocurrency market as an unknown cryptocurrency (BTC) miner has woken up after more than 10 years of hibernation, Whale Alert reports.
Address “14CZ9” transferred 19 BTC, which is over $1 million at current prices, to address “bc1qw6.” However, these coins did not go anywhere else and are still stored at the novel address.
The first transactions of this old Bitcoiner took place 11 years ago, on November 28, 2013. At that time, the price of the cryptocurrency was just over $ 1,000.
However, the price of BTC continued to fall, but the unknown investor continued to accumulate. By June 2014, they had accumulated 19 BTC, which by these standards was just over $12,500.
After years, the volume of cryptocurrency is estimated at over a million dollars, and the total profit can be estimated at 8.692%. This means that our unknown miner has achieved an average return of 870% per year since possession.
The fact that this is a miner is evidenced by the way the funds were partially transferred to the wallet of an unknown investor, as well as the fact that he received some of his Bitcoins from a CoinJoin address — a protocol that combines multiple transactions from different sources and senders into one.
Such awakenings are rarely met with applause in the cryptocurrency community, where market participants agree that old Bitcoin addresses awaken primarily to secure profits on their coins, which often amount to thousands of percent.
If we take the saying “the glass is half full” into account, then perhaps this investor woke up and decided to transfer his BTC to the novel address “bc1” which is considered more advanced and secure.
