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Whale Alert: A dormant Address Containing 500 BTC Was Activated For The First Time In 10.5 Years

Mary Liu

Summary: According to data tracked by Whale Alert, a dormant address containing 500 BTC (now worth $23,733,648) was just activated after 10.5 years (worth only $8,425 in 2011).  Data on the chain shows that around 18:52 UTC on December 29th, 170.031 BTC (worth $8,119,302) was transferred by this address. The reasonable explanation is that someone may ...

According to data tracked by Whale Alert, a dormant address containing 500 BTC (now worth $23,733,648) was just activated after 10.5 years (worth only $8,425 in 2011). 

Data on the chain shows that around 18:52 UTC on December 29th, 170.031 BTC (worth $8,119,302) was transferred by this address. The reasonable explanation is that someone may accidentally discover or eventually unlock a dormant crypto wallet. In November this year, a "sleeping whale" also activated the crypto wallet containing $150 million in BTC.

By Mary Liu

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