Bitcoin Wallet From 2011 Reawakens After 13 Years

A long-dormant Bitcoin wallet, untouched for over a decade, came back to life this week, according to crypto tracking platform Lookonchain.

The wallet, which had received 426.3 BTC back on July 29, 2011—when Bitcoin was priced at just $13.49—had a value of around $5,753 at the time.

However, on Tuesday, the address made a major move, transferring 42.3 BTC, equivalent to roughly $3.7 million at the current price of $87,242 per Bitcoin. This means the wallet’s owner realized a staggering 646,616% gain on the Bitcoin they moved. The wallet still holds 384 BTC, valued at about $34.7 million.

This isn’t the only old wallet that has recently become active. Whale Alert, another tracking platform, reported that a separate address transferred one Bitcoin last week after more than 10 years of inactivity.

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That wallet still contains 24 BTC, which it had received in 2014. Another address moved all 20 BTC it had held since 2013, and yet another transferred 67 BTC from the same year.

Alexander Zdravkov