Two wallets containing a total of 1,000 Bitcoin (BTC) have suddenly become active after being dormant for over 10 years, according to data from on-chain sources. Lookonchain, a crypto tracker, reveals that on September 12th, 2013, the first wallet received 500 BTC, which was valued at $62,000 when the price of Bitcoin was $124. The second wallet received the same amount at the same price on the following day. After more than a decade of inactivity, both wallets transferred all of their holdings within a 20-minute timeframe over the weekend. These Bitcoin holdings are now valued at a staggering $60.9 million, representing an increase of 49,012.9%.
Data from the digital asset de-anonymizing platform Arkham shows that the crypto was sent to two newly created wallets. One of these addresses still holds 500 BTC, while the other wallet sent the Bitcoin through a series of other newly created wallets.
In April, Ki Young Ju, the CEO of blockchain intelligence platform CryptoQuant, observed that newer crypto whales (investors holding at least 1,000 BTC with an average coin age of less than 155 days) had accumulated nearly twice as much BTC as long-term holders.
At the time of writing, BTC is trading at $62,568, and the top-ranked crypto asset has seen a nearly 2% increase in the past 24 hours.
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