On July 14, a wallet inactive for nearly 12 years transferred 1000 BTC, valued at approximately $60 million. This activity was highlighted by Whale Alert.
? ? ? ? ? ? A dormant address containing 1,000 #BTC (59,989,823 USD) has just been activated after 11.8 years (worth 11,908 USD in 2012)!https://t.co/JOJTymSWal
— Whale Alert (@whale_alert) July 14, 2024
When received on September 25, 2012, the assets were valued at $11,908. Over this period, the amount increased nearly 5000-fold.
In early July, 1004 BTC, dormant for over 10 years, began to move. The value of the cryptocurrency has increased approximately 77 times since acquisition.
In March, an unknown miner sold 1000 BTC mined in 2010. At the time, the bitcoins received as a block reward were valued around $0.28. The coins, consolidated from several wallets, were transferred to Coinbase, yielding about $68 million amid a price peak.
At the end of the month, the owner of a 12-year dormant address moved all 500 BTC, worth nearly $35 million, splitting them into smaller deposits.
In April, 246 BTC valued at $17 million were moved from a wallet inactive for 10 years, and another 50 BTC (~$3.3 million) began moving after nearly 14 years.
Earlier in May, an unknown whale transferred 687.33 BTC ($43.94 million at the time of the transaction), which had also been inactive for 10 years.