In a stunning development, a dormant Bitcoin wallet has come alive after nearly 12 years of inactivity, transferring a staggering 1,000 BTC worth over $60 million to a new address. This historic event marks the first outgoing transaction from the wallet since its inception over a decade ago.
According to blockchain analysts, the wallet received its initial deposit of bitcoin approximately 11 years and 9 months ago and had remained untouched until this recent transfer. The transaction, originally recorded on January 19, 2024, according to Blockchain.com data, underscores the dramatic increase in Bitcoin’s value over the years, surging from a modest $12,100 to its current astronomical valuation.
Whale Alert, a prominent on-chain monitoring platform, first detected the movement, highlighting the mysterious nature of the wallet’s owner and the reasons behind this long-awaited transfer. Despite the anonymity surrounding the transaction, market observers speculate on potential motives amidst Bitcoin’s recent price volatility and regulatory developments.
This significant event follows a series of similar occurrences in recent months, where other long-dormant Bitcoin wallets have suddenly sprung to life, moving millions in assets after years of dormancy. Just days ago, another wallet dormant for over twelve years transferred nearly $7 million, adding to the intrigue surrounding these massive cryptocurrency movements.
