#RamadanGiveaway Dormant for 14 Years: A Bitcoin Wallet Awakens with a $8.5M Move!

In an unexpected twist, a Bitcoin wallet that had been inactive for nearly 14 years has suddenly sprung to life, transferring 100 BTC—now worth a staggering $8.5 million—to new addresses. This remarkable event has caught the attention of the crypto community, sparking speculation about the identity of the wallet's owner and the reason behind the move.

A Wallet from the Early Days of Bitcoin

The wallet, identified as "12znK," was first created on August 2, 2011, back when Bitcoin was valued at a mere $13 per coin. At the time, the wallet started with 1 BTC, and just days later, on August 14, 2011, an additional 99 BTC was deposited—bringing the total initial investment to $1,015.96. Fast forward to today, and that investment has skyrocketed by an astonishing 836,493%!

How the BTC Was Moved

At block height 889,103, the wallet moved its funds from a Pay-to-Public-Key-Hash (P2PKH) address to four Pay-to-Script-Hash (P2SH) addresses. Now, each of the four new wallets holds 24.99 BTC. Interestingly, while the Bitcoin was moved, the 100 Bitcoin Cash (BCH) linked to the wallet—worth approximately $32,460—remains untouched.

The Mystery Behind the Move

This sudden activity has raised several questions:

Who owns this wallet? Could it be an early Bitcoin adopter cashing out, or is there a more mysterious reason behind the movement?

Why now? With Bitcoin recently hitting new highs, did the owner decide it was finally time to move their funds?

Privacy concerns: Analysts scored the transaction 50 out of 100 in terms of privacy due to address reuse, indicating some level of traceability.