After an 11-year hibernation, Bitcoin Wallet transfers $31M
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A Bitcoin wallet that has been inactive for 11 years has become active again, transferring all 1,037 BTC – currently worth $31 million. According to crypto statistics provider BitInfoCharts, this unexpected transaction happened on July 22.
Blockchain data shows that the wallet first received Bitcoin stashes in April 2012, with each coin valued at a modest $4.92, bringing the total hard currency to around $5,108. Data analytics firm Lookonchain confirmed these details on the day of the transaction.
The BTC whale, which has been dormant for 11 years, transferred all 1,037.42$BTC($37.8M) to a new address “bc1qtl” an hour ago.
The whale earned $1,037.42 BTC ($5,107) on April 11, 2012, when the price was $4.92. pic.twitter.com/xBaw2dQfY8
— Lookonchain (@lookonchain) July 22, 2023
Interestingly, this activity is one of several actual Bitcoin transactions, including the US government's $299 million transfer of nearly 10,000 BTC. This is related to the Silk Road seizure in March.
According to Loonchain data, he transferred 2,071 BTC in April, a decade after buying bitcoin at $663.
Bitcoin is not the only coin on the move. A previously inactive Ethereum wallet with $116 million worth of pre-miners made a surprise move, transferring all 61,216 ETH to the Kraken wallet on July 18 after eight years of dormancy.
💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-address containing 61,216 #ETH ($116,396,127) has been activated after 8.0 years!
— Whale Alert (@whale_alert) July 18, 2023
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