Dormant Bitcoin Address Awakens After 11 Years, Moves $22.5 Million

An inactive wallet for 11 years has transferred 325 BTC, valued at $22.5 million, to a new address. Analysts at Whale Alert noted this activity.

? ? ? A dormant address containing 325 #BTC (22,502,276 USD) has just been activated after 11.0 years (worth 135,628 USD in 2013)!https://t.co/vAWaDabRna

— Whale Alert (@whale_alert) November 1, 2024

The user acquired the first cryptocurrency for $135,628 in 2013. Over 11 years, the amount has increased approximately 166-fold.

In early March, an unknown individual 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 noted 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 transferred 50 BTC mined 14 years ago to Binance.