Dormant Bitcoin Address Awakens After a Decade, Moves $2 Million

A wallet inactive for over a decade has transferred 35 BTC, valued at $2 million, to a new address. Analysts at Whale Alert noted this activity.

? A dormant address containing 35 #BTC (1,990,206 USD) has just been activated after 10.5 years (worth 21,632 USD in 2014)!https://t.co/8O2payiO3Q

— Whale Alert (@whale_alert) September 5, 2024

The wallet initially received the cryptocurrency for $21,632 in 2014. Over 10.5 years, the value increased 92-fold.

Earlier in March, an unknown entity sold 1000 BTC mined in 2010, earning approximately $68 million.

Later, a group of 80 wallets moved 2352.62 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.

Back 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 transferred 50 BTC mined 14 years ago to Binance.