The wallet, which has been dormant for more than 10 years, transferred bitcoins in the amount of $43.9 million

Biggijn

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Apr 11, 2024
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Lookonchain analysts recorded a large transaction from one of the early Bitcoin investors. On May 6, the address woke up after more than a decade of inactivity and transferred all of its 687 coins to two other addresses, totaling $43.9 million in transactions. The user received bitcoins on January 12, 2014, when the asset rate was at $917, and their total value was about $630,000. Look storj coin price today.


According to a Fortune report, at the end of April, 1.75 million Bitcoin wallets and change usdt to storj had remained inactive for more than ten years. Many of them contain significant holdings that were purchased when the price of Bitcoin was in double digits and are now valued at millions of dollars.

In total, these inactive wallets contain 1,798,681 BTC, worth about $121 billion at current exchange rates.

Over the past couple of years, many “Satoshi era” and look near crypto price, wallets have come out of hibernation only to transfer bitcoins to new addresses. But some of them have transferred their assets to crypto exchanges, suggesting their desire to lock in profits.

For example, in early March, against the backdrop of a sharp rise in the exchange rate, early miners transferred more than 1,000 BTC to the American crypto exchange Coinbase. They mined the coins more than 10 years ago, after which their wallets showed no activity. Change near usdt on Toobit

The “Satoshi era” includes wallets that were created and received coins during the period when the creator of the first cryptocurrency, Satoshi Nakamoto, was still active on thematic forums. His last public message on the bitcointalk forum was dated December 12, 2010.

Last December, an unknown wallet transferred $42.08 million worth of Bitcoin to crypto exchanges and digital asset storage platforms after 13 years of inactivity. He mined the coins in 2010, when their value was 420,080 times lower.

At the end of March, an unknown person transferred $35 million worth of bitcoins and change usdt to near for the first time in 12 years; during the time the address was inactive, the assets increased in price by 9,186 times.