Ponzi

2024

Mammoth

Bitcoin

Captain Max

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Popular cryptocurrency tracker Whale Alert, which monitors large crypto transactions, has drawn the community’s attention to two <a href="https://u.today/dormant-bitcoin-whale-explodes-to-life-with-massive-63946-profit" rel="noopener noreferrer nofollow">ancient Bitcoin wallets</a> that have come back to life over the past two days.
Both formerly dormant whales now have reactivated their wallets, with mammoth-size profits on their BTC holdings.
<h2 id="satoshi-era-bitcoin-whales-coming-back">Satoshi-era Bitcoin whales coming back</h2>
Whale Alert revealed that almost 14 hours ago an ancient whale reactivated his wallet, which contains 53 BTC. With the current Bitcoin price, this is the equivalent of $3,498,414, while back in 2013, this amount of BTC was worth $3,716. This Bitcoin investor has seen staggering growth of 94,044% on his profit.
<blockquote>
 💤 A dormant address containing 53 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (3,498,414 USD) has just been activated after 11.1 years (worth 3,716 USD in 2013)!<a href="https://t.co/jK81cnZjug" rel="noopener noreferrer nofollow">https://t.co/jK81cnZjug</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1815846229265289564?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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Another early Bitcoin investor was spotted activating his wallet by the same data source on July 22. That wallet contains $1,352,704 – 20 Bitcoins, which were last transferred 13.4 years ago – in 2011. That was a year after the mysterious Bitcoin creator, Satoshi Nakamoto, left the public space, leaving his brainchild in the hands of developers who were keen to take BTC further.
<blockquote>
 💤 A dormant address containing 20 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (1,352,704 USD) has just been activated after 13.4 years!<a href="https://t.co/GPxK7udHIK" rel="noopener noreferrer nofollow">https://t.co/GPxK7udHIK</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1815449780757172275?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
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Last week, several other ancient wallets with a large amount of Bitcoin came back from dormancy, bringing large profits to their owners.
<h2 id="bitcoin-heading-toward-67-000">Bitcoin heading toward $67,000</h2>
Cryptocurrency analyst and trader Ali Martinez has shared his take on what direction the world’s flagship cryptocurrency, Bitcoin, is taking at the moment. Over the past 24 hours, BTC dropped by 2.16%, losing the $67,000 level and falling back to slightly above $65,000.
Over the last two days, Bitcoin has plunged by 3.62% as it dropped from the $68,290 zone. That was the second time that BTC strived to break above that price level this week. By now, BTC has recovered from $65,512 to $66,458.
Ali Martinez has tweeted that Bitcoin is “showing signs of a breakout,” and it is might be heading as high as $67,000. BTC now needs to break through the $66,450 level in order to keep going higher.
<blockquote>
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is showing signs of a breakout, possibly heading towards $67,000! The RSI has already broken its descending trendline, and now <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> needs to surpass $66,450 to confirm the bullish breakout. <a href="https://t.co/nHhNLFmVHp" rel="noopener noreferrer nofollow">pic.twitter.com/nHhNLFmVHp</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1816035137634623551?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
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The short-lived Bitcoin decline this week coincided with spot <a href="https://u.today/ethereum-etfs-top-1-billion-in-trading-volume-as-eth-price-underperforms" rel="noopener noreferrer nofollow">Ethereum exchange-traded funds going live</a> on stock exchanges.
Bitcoin maximalist Max Keiser tweeted on Tuesday that while the launch of spot Bitcoin ETFs has confirmed BTC’s status as digital gold, Ethereum ETFs will reduce its appeal to investors. Once again, Keiser has slammed Ethereum: “It’s a proof-of-stake Ponzi scheme with a massive pre-mine that insiders are dumping on noobs.”
<blockquote>
 The added scrutiny the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF brought has INCREASED its appeal as digital Gold. For ETH it’s the opposite. The added scrutiny will diminish its appeal as investors realize it’s a proof-of-stake Ponzi scheme with a massive pre-mine that insiders are dumping on noobs.…— Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1815727388182925631?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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Satoshi-Era Bitcoin Wallet Reactivated With Mammoth Profit

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