After 11 years, an inactive wallet holding 10 million dollars worth of Bitcoin suddenly awoke. The crypto-analytical platform Whale Alert X, formerly Twitter, was contacted to inform them of the awoken wallet. The fact that it was created when cryptos were still at their infancy is an intriguing development.
Bitcoin is struggling in the recent weeks. It is still far above the BTC price of a decade earlier. It is a far cry from the price of BTC ten years ago. 2014The price has now surpassed $1,000 for the very first time. The price was just $732 above where it finished the year. This is still a long way from the current price.
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The Bitcoin wallet that has been sleeping for 11 years is now awake with $10M BTC.
Bitcoin’s biggest year to date has been 2024. Despite the recent price slump, Bitcoin has set many new records. This leading digital asset was first to be a crypto-based ETF within the United States. The token was launched in January and reached its highest price within three months.
However, since then things have not been as high. According to, in the past 30 days the token has dropped 3%. CoinMarketCap. After a recent 1% gain on Wednesday, the cryptocurrency is trading over the $57,000 mark. It hasn’t reached its annual highs but it is far above where it was ten years back.
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This difference is evident in the recent appearance of one Bitcoin address. A previously inactive Bitcoin wallet has been woken up, holding over $10 million BTC. The wallet’s owner or identity is unknown at this time. They have a fortune in their possession.
BTC likely was bought when it was worth around $100. This asset is worth a lot more than it was at the beginning of this year. The price is expected to increase this year. This holder, however the price moves, will still make a huge profit on their original investment.
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Source: watcher.guru