A long-dormant Bitcoin (BTC) wallet has suddenly awoken after a decade to move around millions of dollars worth of the top crypto asset by market cap.
According to new data from whale-tracking platform Whale Alert, an ancient BTC address that has been inactive for a decade has risen from its slumber to shift around 357 BTC worth $34,070,177.
[adinserter block="1"]“A dormant address containing 357 BTC ($34,070,177) has just been activated after 11.0 years!”
Data from blockchain tracker BitInfoCharts shows the wallet profited a staggering $33.7 million, or 10,150%, from the price of Bitcoin rising. BitInfoCharts also shows that the wallet hasn’t been active since January 2014. At that time, the crypto king was valued at just $862.
The data also shows that the address was sent small amounts of BTC numerous times throughout its existence.
Earlier this month, BitInfoCharts found that long-dormant crypto whale wallets were receiving trace amounts of BTC likely due to dusting attacks.
Dusting attacks occur when bad actors send small amounts of crypto to addresses as a means of invading their privacy, tracking the transactional data from them to identify the individuals or companies behind them.
The flagship digital asset is trading for $94,209 at time of writing, a fractional increase during the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
