Recently, a Bitcoin wallet that had been inactive for more than 13 years unexpectedly came back to life, initiating a significant transaction.
The Return of a Forgotten Fortune
The Bitcoin wallet, holding 444.81 BTC worth over $50 million, moved funds for the first time since November 2012. Onchain data shows the owner transferred 132 BTC to a new address and sent 5 BTC to a Kraken deposit account.
Transaction Analysis
The activity was recorded at 11:27 UTC, with the total transfer amounting to 137.03 BTC, approximately $15.6 million at current prices. Notably, when these funds were last received in 2012, Bitcoin traded at just $12.22, meaning that 137 BTC was worth only about $5,437 at the time.
Impact on the Crypto Market
Whale movements in Bitcoin always attract attention due to their potential to impact liquidity and market sentiment. While the 5 BTC transfer to Kraken is small, it may suggest a potential sell order. The revival of dormant wallets adds intrigue to Bitcoin’s narrative and highlights that many coins remain scattered across old addresses.
The resurgence of dormant wallets in the cryptocurrency space raises additional questions about the motives and future of their owners.
