Decade Old Dormant Bitcoin (BTC) Address Wakes Up To 10,419% Profit đš
A Bitcoin address with more than 10 years of dormancy is back to life, with the wallet holding boasting of 10,419% gains
A dormant Bitcoin whale is back to life after 10.6 years .The Bitcoin whale wallet contains 149 BTC with 10,419% profit
The re-awakening comes at a time the price of the coin is in recovery mode
Activities have been spotted on another long-dormant Bitcoin address which holds almost 149 Bitcoin (BTC).
This address with 149 Bitcoin was worth only $81,667 in 2013 when it suddenly went silent. However, Bitcoin has seen significant growth in the last ten years even though there has also been some fluctuations. It even went as far as hitting an All-Time High (ATH) of more than $73,000. At the time of this writing, 1 unit of BTC has a market value of $57,819.04 with a 2.85% increase within the last 24 hours, according to CoinMarketCap data.
Therefore, the 149 Bitcoin is now worth over $8.6 million, corresponding to about 10,419% profit in a decade. Noteworthy, this ranks as one of the highest gains that a dormant Bitcoin wallet has recorded.
In the last couple of weeks, there have been several BTC dormant addresses that suddenly began to show signs of activity. A few days back, Whale Alert spotted the reactivation of a Bitcoin address that has been dormant for approximately 11.1 years. This wallet held 20 BTC which was valued at $1.13 million based on the market price of Bitcoin at the time. Currently, that same holding is worth $1.15 million.
Two days earlier, another wallet which held 43 Bitcoin was also activated with its holding equivalent to about $2.5 million. These addresses suddenly began to exit their Bitcoin position recently, amidst a price plunge. Unfortunately, the trend bothers the broad crypto industry, especially as the market is generally facing intense selling pressure.
