With BTC Firmly Above $100K, Forgotten Sleeping Bitcoin Wallets Spring to Life

With bitcoin dancing well above the $100,000 mark since Dec. 11, occasionally dipping its toes below, a slew of long-sleeping bitcoin wallets have been springing back to life.

Bitcoin’s $100K Plateau Brings Forgotten Fortunes Back Into Circulation

Over the past four days, bitcoin (BTC), the crypto king by market cap, has been cruising well over the $100,000 mark. This new high seems to have stirred a number of long-snoozing Bitcoin wallets from their slumbers. The first batch woke up on Dec. 12, when a wallet from June 5, 2013, after more than 11 years of silence, moved 106.71 BTC, now valued at just over $11 million. Back in 2013, those 106.71 BTC were worth a mere $12,600.

The following day saw a modest 29.44 BTC transfer from dormant wallets, with ten of those coins coming from a wallet created on Dec. 21, 2012. On Dec. 14, a wallet from Sept. 2, 2015, that had been quiet for over nine years, shifted 100 BTC for the first time. Then, 40 BTC was transferred from a wallet dormant since 2017, followed by 80 BTC from a wallet minted on March 19, 2014. On Dec. 15, a wallet from March 23, 2017, finally stirred, shifting 99.99 BTC.

Not long after, at block height 874,906, btcparser.com spotted another wallet from 2017 breaking its seven-year silence. This wallet, created on June 22, 2017, moved 148.46 BTC, now worth $15.4 million. At the time, each BTC fetched $2,705, making the owner’s stash worth around $401,584. This bitcoin revival could signal a broader awakening among investors, suggesting even more wallets might soon stir from their digital slumbers.

With prices soaring, owners might be tempted to cash in or move their fortunes, hinting at a potential increase in market activity. It’s fascinating to see how time has transformed the value of these digital assets. What was once a modest sum has ballooned into fortunes, perhaps encouraging a new wave of interest in bitcoin’s potential. #Write2Earn