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A Dormant Address Containing 100 #Bitcoin Activated After 12.4 Years When #BTC was $0.08

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A Dormant Address Containing 100 #Bitcoin Activated After 12.4 Years When #BTC was $0.08

Bitcoin Addresses Holding 100 BTC Activated for the First Time in 12.4 Years

💤 A dormant address containing 50 #BTC (2,158,390 USD) has just been activated after 12.4 years!https://t.co/SWsq8ubLVm

— Whale Alert (@whale_alert) April 7, 2022

💤 A dormant address containing 50 #BTC (2,165,186 USD) has just been activated after 12.4 years!https://t.co/l4nWRMAz66

— Whale Alert (@whale_alert) April 7, 2022

Bitcoin whales are becoming active recently as they are buying up more of the digital asset in preparation for a leg up. As a result, addresses that have been dormant are becoming active again. 

Notably, two addresses each holding 50 BTC have become active after 12.4 years. These must be wallets belonging to pioneer Bitcoin holders as the entire industry has been around for only about 13 years. The two wallets may belong to the same investor as they are becoming active at the same time, less than an hour between the two. 

It is not clear if the address owner(s) lost their wallet keys until now or they were just ardent “hodlers”, but they may be planning to either buy more Bitcoin or sell the ones they have in order to take profits after all these years.

A 50 million percent gain

It’s been roughly 12 years since the wallets were last active. At the time around 2010, Bitcoin was worth roughly $0.08 a piece. Having held it for this long, the wallets have appreciated by roughly 53,750,000 percent to the current price of over $43,000.

In U.S Dollars, each of the wallets is worth roughly 2,177,069, making the owners millionaires who only invested $4 each to acquire the Bitcoins at the time. If the two wallets belong to the same investor, he has made roughly 4,354,138 from investing just $8.

Many investors holding on

There are many other early investors that are holding their Bitcoin for the long term. Whale Alerts has  reported many such investors who have become whales, moving their Bitcoin after several years of dormancy. This is good for the asset as the more they hold, the more likely the asset is to appreciate in value.


Source: ethereum.today

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