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12-Year-Old Bitcoin Wallet Awakens, Moves $46M

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By on November 18, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post 12-Year-Old Bitcoin Wallet Awakens, Moves $46M appeared first on Coinpedia Fintech News

A Bitcoin wallet holding 400 BTC, acquired 12 years ago for $2,091, reactivated after over a decade, now worth $35.8M. Five hours ago, it sent 200 BTC ($17.9M) to Bitstamp and 351 BTC ($31.5M) to a new wallet. This wallet is one of three dormant addresses that have transferred a combined 600 BTC (~$46M) to Bitstamp in the past month. All funds originated from wallets inactive for over 12 years, sparking speculation about potential market impacts.

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