Bitcoin Address Wakes Up After Lying Low for Over 12 Years, Moves $35,843,512 in BTC at 1,667,815% Profit
A long-dormant Bitcoin whale suddenly moved more than $35 million worth of BTC after sitting on it for nearly 12.5 years.
The crypto tracker Whale Alert notes the unknown address moved 400 BTC worth $35.84 million to another unknown wallet on Sunday.
The wallet received 400 BTC in June 2012 and didn’t touch it until this weekend, according to data from BitInfoCharts. Bitcoin was trading at $5.45 at the time, meaning the whale saw its holdings rise in value by a staggering 1,644,100%.
The long-dormant wallet has received trace amounts of Bitcoin a handful of times over the last 13 years, though those transactions appear to be the result of dusting attacks.
Dusting attacks involve hackers and scammers sending minuscule amounts of cryptocurrency (dust) to numerous personal wallets in an attempt to break the wallet holders’ privacy.
The scammers then try to trace the transactional activity of targeted wallets in order to identify the people or companies behind them.
The whale that moved its Bitcoin on Sunday wasn’t the only long-dormant BTC address to spring to life recently.
Per Whale Alert, other ancient wallet movements included:
- An unknown wallet moved 43.93 BTC worth nearly $3.98 million after 11.7 years of inactivity
- An unknown wallet moved 20 BTC worth more than $1.8 million after 11 years of inactivity
- An unknown wallet moved 15 BTC worth more than $1.4 million after 10.9 years of inactivity
- An unknown wallet moved 30 BTC worth more than $2.7 million across three transactions after 12.8 years of inactivity
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