On September 19, the owner of a Bitcoin wallet moved 616.2004 BTC that had lain dormant since 2012. Over almost nine years, the value of the stored coins rose by roughly 3,200-fold.
💤💤 A dormant address containing 616 #BTC (29,470,042 USD) has just been activated after 8.8 years (worth 6,667 USD in 2012)!https://t.co/tr6lgToZPO
— Whale Alert (@whale_alert) September 19, 2021
At the time the BTC arrived at the address, the leading cryptocurrency was trading at about $13.43. At that price, the value of all coins in the wallet was roughly $8,200. At the current rate, the holder has moved assets worth around $26.4 million.
According to Blockchain.com, the wallet balance is currently 0.00059215 BTC. The transaction fee amounted to 0.00001 BTC ($0.43 at the moment).
In January ForkLog reported the movement of 8000 BTC, mined in 2010. Analysts suggested the coins belonged to the cryptocurrency exchange Coinbase.
On February 28, 1000 BTC moved, “dormant” since 2010. Previously, Glassnode noted that beginning with the same type of transaction on December 28, 2020, all movements of large batches of old coins nearly perfectly tracked local price highs, after which the price tended to decline.
In the same month, an unknown transferred 2189 BTC, consolidated at an address in 2013.
Earlier in the spring it emerged the movement of 5000 BTC and 500 BTC, which had lain dormant since 2013.
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