In recent news, two Bitcoin wallets that have been dormant for over a decade have suddenly become active. This unexpected move caught the attention of both the crypto community and analysts.
The first wallet, identified as 1CWga and containing 149 BTC, transferred its entire balance to a new address on Tuesday. This transfer marks a significant profit considering that the wallet has been dormant since its first activation in November 2013 and its balance at that time was approximately $81,667. The value of the Bitcoins in the wallet is currently around 8.59 million dollars.
Similarly, a second wallet containing 24.9 BTC (worth approximately $1.44 million) became active after more than 11 years of inactivity. This move occurred just a few hours after the first wallet's activity.
Transfers of significant amounts of BTC from wallets that have been dormant for more than a decade are rare and often spark curiosity and speculation in the crypto community. Such movements are remarkable as they show that Bitcoin is still actively used in an amount that was thought to have been lost in the past.
These movements, especially during a period when Bitcoin was trading at around $59,250, are interpreted by analysts as meaning that owners of such assets may be tempted to sell to make a profit as Bitcoin reaches new highs. However, past Mt. It should also be noted that cases such as Gox raise concerns about the salability of BTC recovered in the market.
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