๐ฅ๐ Hold onto your hats, Bitcoin believers! ๐๐ฅ
A Bitcoin wallet that's been dormant for a staggering 10.3 years just woke up and made a jaw-dropping transfer of 687.33 BTC, valued at a whopping $44 million! ๐ฑ This wallet originally received its bitcoins back in January 2014, when BTC was just a fraction of its current price at $917.
This sudden activity from a wallet dating back to the Satoshi era has ignited curiosity and speculation across the crypto community. Splitting its holdings and moving substantial sums has sparked theories, with some even speculating a link to Bitcoin's mysterious creator, Satoshi Nakamoto.
But hold your horses! Experts suggest these moves are likely from early miners or savvy investors seizing the opportunity amid Bitcoin's recent gains. With BTC rallying almost 4% in the past week, hitting highs of $65,500 before a slight dip, concerns arise about potential sell-offs.
And that's not all! As Bitcoin soared above $70,000 earlier this year, dormant whales began to stir. One whale, sitting on nearly 4,300 BTC accumulated a decade ago, made a significant transfer after ten years, further fueling the intrigue surrounding Bitcoin's early adopters.
But here's the kicker: A recent study reveals there are approximately 1.75 million dormant Bitcoin wallets, holding a staggering 1,798,681 bitcoins, valued at around $121 billion! These "lost" coins make up 8.5% of Bitcoin's total supply, with 93% of the total supply already mined.
So, what's the lesson here? Keep those keys safe, folks! The fate of these dormant wallets remains uncertain, but one thing's for sure: the world of crypto is full of surprises! ๐๐ #BitcoinBuzz #CryptoGoldrush