Wallet Holding Bitcoin Since $284 Price Awakens After 10 Years
Bitcoin wallet that had remained dormant for an entire decade has suddenly sprung to life, according to blockchain tracking platform Lookonchain.
In a tweet on Tuesday, the firm revealed that the wallet moved all 365 BTC, currently valued at around $29 million, after 10 years of complete inactivity. Notably, the wallet initially received the Bitcoin when the price was just $284 per coin, placing the original investment at approximately $103,000.
This reactivation has raised eyebrows in the crypto community, particularly as it’s not an isolated incident. On March 24, a wallet created back in August 2011, when Bitcoin was trading at just $13, moved 100 BTC, now worth over $7.7 million, to new addresses after nearly 14 years of silence.
Just a day later, another whale made waves by moving 3,000 BTC, originally acquired in 2017. The stash had grown from a $12.29 million valuation to over $260 million, a staggering 2,115% increase. These funds, believed to be linked to old Coinbase-related transactions, had remained untouched for eight years.
$ETH #
Btc Postion is very strange 🤔 But on fire
