Dormant Bitcoin Address Awakens After 11 Years, Moves $11.5 Million

A wallet inactive for over 11 years has transferred 190 BTC, valued at $11.5 million, to a new address. Analysts at Whale Alert noted this activity.

? ? A dormant address containing 190 #BTC (11,490,704 USD) has just been activated after 11.4 years (worth 12,125 USD in 2013)!https://t.co/UE5NjpyB9w

— Whale Alert (@whale_alert) August 9, 2024

The wallet initially received the cryptocurrency for $12,125 in 2013. Over 11.4 years, the value increased approximately 947-fold.

In early March, an unknown entity sold 1,000 BTC mined in 2010, earning approximately $68 million.

Later, a group of 80 wallets moved 2,352.62 BTC worth over $163 million. They had been inactive for eight years.

In the same month, a nearly 12-year dormant address transferred all its 500 BTC, valued at nearly $35 million.

In January, analysts at CryptoQuant highlighted the movement of 49,866 BTC that had been dormant for over five years. However, the coins were not sent to an exchange.

In June, a miner from the Satoshi Nakamoto era sent 50 BTC mined 14 years ago to Binance.