Wallet inactive for 12 years transfers $11 million worth of bitcoins

Over the years of “being dormant,” the value of the user’s assets has increased 3044 times

24.04.2023 - 14:45

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What’s new? On April 24, an unknown wallet with 1000 BTCin its account made a transaction for 400 BTC, which amounted to about $11 million at the time of the transfer. According to analytics service Whale Alert, the address has been dormant for almost 12 years, since May 9, 2011, when a user bought 1000 bitcoins for about $9000. During the time of “being dormant,” the wallet’s balance grew by about 3044 times to $27,4 million.

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Large crypto transactions. In April, several wallets that had been dormant for a long time became active at once. Thus, on February 23, one of the participants in the initial public offering (ICO) of Ethereum made a transaction for the first time in three years. The amount was 5055 ETH (more than $8,3 million). On April 20, analysts recorded a transfer of 2071,5 BTC (about $60,7 million) from the wallet, which has been dormant for 9 years.

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On April 21, a large holder of the first cryptocurrency transferred 279 BTC (~$7,8 million) from his wallet to three new addresses. The wallet had been inactive for 10 years. Also on April 24, an unknown Ethereum ICO participant made the first transaction after nearly eight years of inactivity. In July 2015, the wallet received 2365 ETH ($4,36 million) in the ICO when the asset had a value of $0,31.

As of April 24, 14:40 UTC, bitcoin is trading at $27 386 on the Binance exchange, losing 1,04% in a day and 9,1% in a week, according to aggregator CoinGecko.

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