An ancient Bitcoin (BTC) wallet suddenly sprung to life this week after 13 years of dormancy, according to the crypto tracker Lookonchain.
Lookonchain notes the unknown address received 426.3 BTC on July 29th, 2011, when the price of BTC was only $13.49, meaning the wallet’s entire trove was worth $5,753.
On Tuesday, that same wallet transferred out 42.3 Bitcoin worth nearly $3.7 million at a price of $87,242 per BTC, meaning the whale made a staggering 646,616% gains on the Bitcoin they moved. The address still holds 384 BTC worth nearly $34.7 million, according to BitInfoCharts.
It is not the only long-dormant wallet to wake up from slumber recently: The crypto tracker Whale Alert notes that a different address moved one BTC last week after more than 10 years of dormancy. The wallet still holds 24 BTC it received back in 2014.
A different address this week moved all 20 BTC it had held since 2013, according to Whale Alert. And a fourth address shifted all 67 BTC it had also held since 2013.
BTC is trading at $89,831 at time of writing. The top-ranked crypto asset by market cap set a new all-time high of $93,477 at one point on Wednesday and is up nearly 2.5% in the past 24 hours and more than 19.5% in the past week.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here
