A wallet inactive for over 14 years has transferred 50 BTC, valued at nearly $3.4 million, to a new address. Analysts at Whale Alert noted this activity.
? A dormant address containing 50 #BTC (3,387,175 USD) has just been activated after 14.3 years (worth 2 USD in 2010)!https://t.co/HWGBYNbQWd
— Whale Alert (@whale_alert) October 25, 2024
The wallet initially received the cryptocurrency for $2 in 2010. Over 14.3 years, the value increased approximately 1.7 million times.
In early March, an unknown entity sold 1000 BTC mined in 2010, earning approximately $68 million.
Later, a group of 80 wallets transferred 2352.62 BTC valued at over $163 million. They had been inactive for eight years.
In the same month, a nearly 12-year dormant address moved all its 500 BTC, worth almost $35 million.
In January, analysts at CryptoQuant highlighted the movement of 49,866 BTC that had been inactive 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.