For the first time since 2013, a Bitcoin wallet containing 407 BTC ($15.5 million at press time) has been activated, according to data given by Whale Alert.
The coins were valued $355,254 when they were first released, implying a gain of 4,266 percent.
On major spot exchanges, bitcoin is now trading at around $38,000.
It’s possible that the wallet awoke from its slumber after its owner eventually unlocked it. It’s also not impossible that someone possessed such a strong conviction.
Several similar Bitcoin wallets have resurfaced in recent months after years of inactivity. Addresses that date back to 2011 tend to pique the public’s interest the most because they could be tied to none other than Satoshi Nakamoto.
Meanwhile, in late February, a dormant Ethereum wallet containing more than $5 million in ETH awoke.
Related Posts : The Brazilian Senate is set to vote on a crypto regulation bill
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.