A Bitcoin wallet that had been inactive for over 12 years suddenly came to life, moving $35.84 million worth of BTC. This wallet initially received 400 BTC in June 2012 when Bitcoin was valued at just $5.45, representing a staggering profit of over 1.6 million percent.
The wallet had remained untouched except for receiving trace amounts of Bitcoin over the years, likely due to "dusting attacks." These attacks involve sending tiny amounts of cryptocurrency to wallets to analyze their activity and potentially uncover the identity of the owners.
This wasn’t an isolated event, as several other long-dormant Bitcoin wallets have also become active recently, moving significant amounts of BTC after years of inactivity. Such movements often spark curiosity and speculation in the crypto community about the reasons behind the reactivation of these ancient wallets and the possible impact on the market.