$ 95,690.1
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Mar 7, 2022
Dormant Bitcoin Wallet Activates After 8.3 Years
On March 7, 2022, Whale Alert reported that a Bitcoin wallet last active in 2013 has come back online. The Bitcoin wallet contained 407 BTC i.e., $15.5 Million.
At the beginning of 2013, the price of Bitcoin (BTC) was $13 which then peaked at $1,100 in November and December. The total number of coins in the Bitcoin wallet was initially worth $355,254.
Currently, the value of Bitcoin is trading at approximately $38,000 on major crypto exchanges. Over the past few years, there have been several similar cases of dormant Bitcoin wallets coming online.
Addresses dating back to 2011 have garnered a lot of attention from the public. As crypto enthusiasts usually believe that such dormant addresses that have been eleven years also could be possibly linked to Satoshi Nakamoto.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.