Long-Dormant Bitcoin Whales Resurface, Moving Millions After Years of Inactivity

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Written by

Alexander Stefanov

Last Updated: Nov 2, 2024

Time to Read: 1 min

After years of inactivity, a once-silent crypto whale has suddenly stirred, transferring a significant amount of Bitcoin (BTC), as noted by on-chain monitoring.

Data from Whale Alert reveals that a wallet untouched for over 12 years has suddenly come to life, transferring 159 BTC valued at approximately $11.75 million.

This wallet initially received a deposit of 759 BTC in September 2012, which cost just $7,974—equivalent to an average BTC price of around $10.50.

Following years of holding, this whale moved a portion of its BTC, marking gains exceeding 700,000%.

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Currently, the wallet still contains 590 BTC, with an estimated value of $40.9 million.

Other long-dormant crypto wallets have also seen renewed activity recently. One wallet, inactive for over 13 years, transferred its entire holding of 20 BTC.

Whale Alert has observed an increasing trend of these long-forgotten wallets re-entering the Bitcoin market.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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Alexander Stefanov

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