Inactive $2 billion in bitcoins$BTC "awakened"
According to Lookonchain, one of the wallets was created on April 3, 2011, when bitcoin was worth only $0.78. At that time, the owner bought 10,000 BTC for less than $7,805. This wallet remained inactive for over ten years. However, early in the morning of July 4, the user withdrew the entire BTC balance.
On the same day, Lookonchain analysts also discovered another wallet that had stored 10,000 BTC since 2011 and also made a transfer.
The two wallets, containing a total of 20,000 BTC (worth over $2 billion), transferred all their bitcoins to new addresses. Such movements are rare for wallets from the "Satoshi era" — the early years of bitcoin's existence when Satoshi Nakamoto was active. These wallets used an outdated format that is now rare.
Some users on the social network X (formerly "Twitter") suggested that early investors (OG hodlers) finally decided to cash out their assets after more than a decade of holding. After all, the price of bitcoin has increased hundreds of thousands of times since their first purchase.
