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Ancient Bitcoin wallet springs to life after sitting low for over 13 years, moves ,670,000 in BTC for a 646,618% profit
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Ancient Bitcoin wallet springs to life after sitting low for over 13 years, moves $3,670,000 in BTC for a 646,618% profit

An Ancient Bitcoin (BTC) wallet suddenly came to life this week after 13 years of dormancy, according to cryptotracker Lookonchain.

Lookonchain NOTES the unknown address received 426.3 BTC on July 29, 2011, when the BTC price was only $13.49, making the entire wallet worth $5,753.

On Tuesday, the same wallet transferred 42.3 Bitcoins worth nearly $3.7 million at a price of $87,242 per BTC, meaning the whale made a staggering 646,616% of the Bitcoin they moved. The address still holds 384 BTC worth nearly $34.7 million, according to the report BitInfoCharts.

It’s not the only long wallet to wake up from its slumber recently: crypto tracker Whale Alert NOTES that another address moved a BTC last week after more than 10 years of dormancy. The wallet still holds 24 BTC that it received in 2014.

A different address this week moved all 20 BTC he had held since 2013, according to Whale alert. And a fourth address moved all 67 BTC he had held since 2013.

BTC was trading at $89,831 at the time of writing. The top-ranked cryptoasset by market capitalization hit a new all-time high of $93,477 at one point on Wednesday and is up nearly 2.5% over the past 24 hours and over 19.5% over the past week.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: Midjourney