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A Long-Dormant Bitcoin Wallet Springs to Life After 14 Years

In a surprising turn of events, a Bitcoin wallet that had remained inactive for nearly 14 years has suddenly become active, transferring 100 BTC—now valued at an astonishing $8.5 million—to new addresses. This rare movement has sparked curiosity within the crypto community, fueling speculation about the wallet’s owner and the motivation behind this transfer.

A Glimpse Into Bitcoin’s Early Days

The wallet, labeled "12znK," was originally created on August 2, 2011, when Bitcoin was trading at just $13 per coin. It initially received 1 BTC, followed by an additional deposit of 99 BTC on August 14, 2011—bringing its total holdings to 100 BTC. At that time, this investment was worth a mere $1,015.96. Today, its value has skyrocketed by an incredible 836,493%!

How the Bitcoin Was Moved

At block height 889,103, the wallet’s funds were transferred from a Pay-to-Public-Key-Hash (P2PKH) address to four separate Pay-to-Script-Hash (P2SH) addresses. Each of the four new wallets now holds 24.99 BTC. Interestingly, while the Bitcoin was moved, the 100 Bitcoin Cash (BCH) associated with the wallet—currently worth about $32,460—remains untouched.

The Mystery Deepens

This unexpected movement raises several intriguing questions:

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

Why now? With Bitcoin recently reaching new all-time highs, did the owner decide it was the perfect moment to move their funds?

Privacy concerns: Analysts rated the transaction 50 out of 100 in terms of privacy due to address reuse, making it somewhat traceable.

A Rare Piece of Bitcoin History

While Bitcoin wallets from 2009 hold legendary status, those from 2011 are already considered rare relics of the crypto space. This transaction serves as a reminder that early Bitcoin adopters are still out there—and their movements continue to influence the market.

Final Thoughts

As Bitcoin’s price climbs, movements from dormant wallets like this keep the crypto world buzzing. Is this just another long-time investor shifting funds, or is there something bigger at play? Only time will tell.

What do you think? Share your thoughts in the comments!

$BTC
$ETH

#BTC
#14years
#crypto #wealth

Crypto PM: Pi Network Update 🚀

Hey Pi Network Pioneers! 👋 There’s been a lot of action in the Pi universe lately, and if you’ve been keeping up, you know things are heating up! But if you haven’t completed your KYC (Know-Your-Customer) verification yet, listen up—this one’s for you.

What’s Going On?

Pi Network, the project that’s been creating buzz for nearly six years, launched its Open Network on February 20. This was a big moment, as it allowed the PI token to be publicly traded and listed on crypto exchanges. However, many users still haven’t completed their KYC verification or migrated to the mainnet yet.

The original deadline for these steps was February 28, but the team has just extended it to March 14, 2025.

Why the Extension?

According to Pi Network, the extension serves a few key purposes:

Giving real Pioneers more time to verify their balances and migrate to the mainnet.
Supporting users who have recently returned and want to re-engage.
Staying true to Pi’s core values of inclusivity and fairness.
So, if you’ve been putting it off, now’s your chance to take action! 🚀

Key Details to Keep in Mind:

Facing Trouble with KYC?
Pi Network has shared some tips for users having issues with the KYC process:

Name Mismatch:
If your Pi account name doesn’t match the name on your KYC, your application will likely be rejected.
Solution: Correct your details and resubmit, or update your Pi account name (be aware this might affect your Mobile Balance).

Appeals & Rejections:
If your KYC was denied due to a name mismatch, you’re eligible to reapply. Just make sure you’ve only appealed once and were denied.

Phone Number Typos:
If you made a small error entering your phone number, no worries! You can now edit up to two digits.

This update is designed to prevent misuse like account transfers or hacking.

Community Reactions: A Mixed Bag

As expected, the Pi Network community has had a variety of reactions:

Positive: Some users are thankful for the extra time to get everything in order.
Frustration: Others are disappointed by the delays, with some even calling the project a scam due to the repeated extensions.
Whether you’re feeling optimistic or skeptical, one thing’s for sure—if you want to secure your PI tokens, you’ve got until March 14, 2025 to complete your KYC and migration process.

What’s Next?

If you haven’t done so yet, here’s your action plan:

Submit Your KYC Application: Double-check all details to avoid rejections.
Complete Your Mainnet Migration: Follow the steps Pi Network provides to migrate your tokens.
Verify Your Info: Make sure your name and phone number match your official documents.
Final Thoughts

Pi Network’s journey has been full of twists and turns—from ambitious goals to controversial delays—but it’s still one of the most talked-about projects in crypto. Whether you’re a long-time Pioneer or returning to the game, this extension gives you another shot to secure your place in the Pi ecosystem.

Also, don’t miss our latest community vote: "Should PI be launched on Binance?"

So, what are you waiting for? Mark March 14, 2025 on your calendar, and get your KYC applications in! 🗓️

Thanks for reading, and stay tuned for more updates from the ever-evolving world of crypto. Don’t forget to share this with your fellow Pioneers—let’s make sure no one misses the deadline! 🙌

Disclaimer: This post is for informational purposes only and should not be considered financial or legal advice. Always do your own research (DYOR) before making any decisions in the crypto space.

#PICoinScam #PiNetworkMainnet #picoin #PiListingOnBinance $SOL
#MarketPullback $PEPE $SOLV