
Keith transferred $60 million worth of bitcoins from an address that had been "dormant" for 12 years
16.07.2024
Views:
75The bitcoins that arrived at this address 12 years ago were valued at $12,100 at the time, and now the value of the coins has increased by about 500,000%. The reason for the transfer remains unknown, as does the identity of the address owner.
A dormant address containing 1,000 #BTC (59,989,823 USD) has just been activated after 11.8 years (worth 11,908 USD in 2012)!https://t.co/JOJTymSWal
- Whale Alert (@whale_alert) July 14, 2024
This transaction reflects increased activity among inactive addresses. Just ten days prior to this move, another wallet was activated with funds that had been idle for over a decade. On May 12, a large bitcoin owner also moved more than 1,000 BTC from an address that had been dormant for more than 10 years.
These large transactions contribute to market volatility and can significantly affect bitcoin's exchange rate dynamics. They can indicate different strategies: the willingness to realize profits or redistribute assets within the crypto portfolio.
Recall that on the eve of the April halving, an anonymous whale with a balance of 94,500 bitcoins "woke up". He divided his assets between three new crypto addresses.