Old Bitcoin Wallet Comes to Life After Lying Low for Over 13 Years, Moves $3,670,000 in BTC with a 646,618% Gain

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

Look at chain notes the unknown address received 426.3 BTC on July 29, 2011, when the price of BTC was only $13.49, meaning the wallet’s entire wallet was worth $5,753.

On Tuesday, that same wallet transferred 42.3 Bitcoin worth almost $3.7 million at a price of $87,242 per BTC, meaning the whale made a whopping 646,616% profit on the Bitcoin they moved. The address still holds 384 BTC worth almost $34.7 million BitInfoCharts.

It is not the only wallet that has been dormant for a long time and recently woke up from its slumber: the crypto tracker Whale Alert notes that another address moved one BTC last week after more than 10 years of dormancy. The wallet still contains 24 BTC that he received in 2014.

Another address this week moved all 20 BTC it had stored since 2013 Whale alert. And a fourth address shifted all 67 BTC it has also held since 2013.

BTC is trading at $89,831 at the time of writing. The highest-ranked crypto asset by market cap hit a new all-time high of $93,477 at one point on Wednesday, rising nearly 2.5% in the past 24 hours and more than 19.5% in the past week.

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Generated image: Midjourney