Dormant Bitcoin Wallet Awakens After 11 Years, Moving Millions
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A long-dormant Bitcoin wallet has just become active after nearly 11 years, drawing attention to its significant gains.
According to Whale Alert data, this wallet, which held around $100,000 worth of BTC back in 2014, has now surged to millions in value.
The wallet, containing 100 BTC (now valued at over $6 million), had been inactive since January 2014. It remained untouched until today, when its contents were transferred to a different address, marking a staggering 7,222% profit from its original worth.
Interestingly, this isn’t the only recent movement of dormant wallets. Last week, Whale Alert detected another old wallet holding 99 BTC, valued at over $6 million, that became active after 10.7 years of inactivity.
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These instances follow a pattern seen last month, when long-inactive Bitcoin mining wallets, dating back to 2009, began moving funds. These miner wallets were accumulating BTC rewards at a time when each mined block granted 50 BTC, making the recent transfers significant for the crypto community.
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