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Satoshi Era Bitcoin Wallet Shows 7,634% Bitcoin Profit, Awakening After 10.6 Years
Yuri Molchan
Ancient Bitcoin Whale Reactivated After Over 10 Years of Inactivity
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According to several sources, in the morning, a dormant bitcoin wallet It has been reactivated by its anonymous owner. The last time this whale used his cryptocurrency wallet was 10.6 years ago.
Now, the value of the Bitcoins in it has skyrocketed by nearly 8,000%, making its owner a millionaire. This was the fourth dormant BTC wallet to wake up last week.
Satoshi-era Bitcoin wallet wakes up with millions of BTC
Transaction tracker Whale Alert and on-chain analytics platform Spot On Chain noticed the awakening of the aforementioned whale, which contains 1,004 BTC.
Although this wallet purchased these coins in 2013 and 2014 at an average price of $731 and at that time this cryptocurrency was worth $737,000, as of today it has seen an incredible price increase of 7,634% and is worth a staggering $56,924,352.
Chinese cryptocurrency journalist and blogger Colin Wu reported that this sleeping whale has transferred all of its cryptocurrencies to a new wallet. Earlier this week, three other dormant wallets He came back to life with a lot of Bitcoin: $1.14 million, $2.6 million, $6.9 million in Bitcoin equivalent.
Bitcoin Recovers $56,000 After Dropping Below $54,000
Over the past 24 hours, the world’s leading cryptocurrency Bitcoin has rallied by a nice 4.56%. BTC has managed to recover after falling slightly below the $54,000 level on Friday and is changing hands in the $56,500 zone at the time of writing.
The price surge has come despite the US and German governments continuing to pump huge amounts of Bitcoin into the market, and now they’ve been joined by Mt. Gox. The first, inoperative cryptocurrency exchange in a decade has finally started paying out its Bitcoin and Bitcoin Cash to its investors and traders.
However, a positive June nonfarm payrolls report was released on Friday, showing an increase in employment, allowing Bitcoin to recover some of its recent losses.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.