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# Long-Dormant Bitcoin Wallet Springs to Life After 14.5 Years, Ignites Market Curiosity
A Bitcoin (BTC) wallet, inactive for an astounding 14 years and six months, has come back to life, sparking widespread interest within the cryptocurrency community. This revelation comes courtesy of on-chain analytics platform Whale Alert. The wallet's last recorded activity was in 2011, a timeline coinciding with the mysterious disappearance of Bitcoin's pseudonymous creator, Satoshi Nakamoto, from the public spotlight.
# Bitcoin Bought at $0.37 Becomes a $468 Million Fortune
On October 24, blockchain tracking platform U.Today reported that the now-activated wallet holds 3,962 BTC, a sum currently valued at an eye-popping $468 million based on prevailing market prices. Back in 2011, Bitcoin was trading at a humble $0.37 per coin, meaning the wallet’s holdings were worth a mere $1,435 at that time.
After resurfacing from dormancy, the wallet’s owner initiated a small test transaction, transferring 0.0018 BTC to an unknown destination. This activity was identified and verified by another prominent analytics platform, Lookonchain, adding another layer of intrigue to the story.
# Dormant Whale Wallets Awaken: Billions in BTC Linked to Galaxy Digital
The crypto market has recently seen a spate of dormant Bitcoin wallets being reactivated, especially those created before 2011. These incidents have coincided with massive Bitcoin transfers, with reports suggesting that as much as $2 billion worth of BTC has been moved to Galaxy Digital, the crypto investment firm founded by billionaire investor Mike Novogratz.
The revival of these long-inactive wallets has become a hot topic of debate within the cryptocurrency space. Some industry insiders speculate high-profile figures, such as Bitcoin advocate and early adopter Roger Ver, also known as "Bitcoin Jesus," may be involved. While no concrete connections have been established, the activity continues to ignite speculation across crypto forums and social media.
Experts suggest that these dormant wallet awakenings might be attributed to individuals recovering lost private keys or opting to sell off long-held Bitcoin holdings in light of current market conditions. Meanwhile, the broader cryptocurrency community has injected humor into the conversation, with some quipping that these movements symbolize a "luxury car purchase finally coming to fruition after years of delay."
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