This $20 Million Bitcoin Address Just Activated After 11 Years ⋆ ZyCrypto - BitcoinEthereumNews.com
A dormant address containing 486.091 Bitcoins ($20,178,658) has just been activated after 11.4 years according to data by blockchain tracking website Whale Alert. The resurgence, which occurred Thursday, 10 Mar 2022 01:45:30 UTC has gotten tongues wagging as to who could have had the patience to it on such value for so long. The wallet, whose contents were valued at approximately $50 when they were first moved in 2010 has thus grown by approximately circa 404,000x in investment return. This comes after the website tracked another dormant address containing 407 BTC (15,460,523 USD) awaken on Monday. The wallet which was activated after 8.3 years was worth $355,254 in 2013 when it first appeared meaning that its value has appreciated roughly 4,195% in todays price. With the crypto market receding in the past few months, there has been a growth in the number of dormant addressees being activated. Whereas it has been hard to tell why they took so long to re-surface, inferences made have always been around the possibility of owners forgetting their keys or even entities who simply might have had diamond hands. Addresses dating back to between 2010 and 2013 like the ones at hand also attract a lot of attention due