A wallet inactive for over a decade has transferred 174 BTC, valued at $10.1 million, to a new address. Analysts at Whale Alert noted this activity.
? ? A dormant address containing 174 #BTC (10,162,306 USD) has just been activated after 10.6 years (worth 142,600 USD in 2014)!https://t.co/HtndhS8ZU0
— Whale Alert (@whale_alert) August 16, 2024
The wallet initially received the cryptocurrency for $142,600 in 2014. Over 10.6 years, the amount increased more than 70-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 “sleeping” address dormant for nearly 12 years 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 “sleeping” 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.