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Reading: Dormant Since 2014, This Bitcoin Wallet is Now Active! $83 Turns into $6.1 Million!
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Deythere > News > News > Dormant Since 2014, This Bitcoin Wallet is Now Active! $83 Turns into $6.1 Million!
News

Dormant Since 2014, This Bitcoin Wallet is Now Active! $83 Turns into $6.1 Million!

the theme of return from dormancy in the context of Bitcoin. The image should feature a dormant Bitcoin symbol in the backg
Ezeudo Nwosu
Last updated: October 4, 2024 8:28 am
By
Ezeudo Nwosu
Published October 4, 2024
2 Min Read
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According to data from Whale Alert, a service that tracks whale-level wallet addresses and reports significant activity, a Bitcoin wallet that had been inactive for 10.8 years has suddenly become active again. The wallet contains exactly 100 BTC, now valued at approximately $6.1 million. Back in 2014, the total value of the Bitcoin in this wallet was just $83, showcasing an extraordinary increase in value over the years.

Contents
  • Whale Wallet Gains Over $6 Million
  • Movement in the Bitcoin Market

Whale Wallet Gains Over $6 Million

This recent activity, flagged by Whale Alert, has generated significant buzz in the crypto community. When Bitcoin was worth just $83 in 2014, today the 100 BTC stored in the wallet have surged to a staggering $6.113 million. This represents an impressive profit of over $6 million for the wallet’s owner. Long-dormant wallet addresses becoming active again is always a noteworthy event in the crypto space. These movements are often seen as signs of market volatility and are closely monitored by both investors and analysts.

representing the reactivation of a long dormant Bitcoin wallet. The image features a large Bitcoin symbol with a glowin

Movement in the Bitcoin Market

This event highlights Bitcoin’s long-term potential once again. The significant price appreciation of the world’s largest cryptocurrency over the years is prompting old wallet addresses to re-enter the market. The reactivation of this wallet reminds investors how whale-level transactions can create ripples in the market.

The crypto market has long tracked dormant wallet addresses and major transactions with great interest. The activation of a wallet that has been idle for over a decade is always considered a fascinating development. Monitoring services like Whale Alert play a crucial role in reporting these transfers in real-time, helping users better understand the dynamics of the crypto market.

Bitcoin, Whale Alert, dormant wallet, cryptocurrency, market volatility

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ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
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