An ancient Bitcoin (BTC) address just moved BTC worth more than $25 million after being dormant for a little over 13 years, according to blockchain tracker Whale Alert.
Whale Alert notes that the ancient address moved 232 BTC worth $26.55 million on September 11th to another mysterious address, completely emptying the wallet.
-->According to blockchain analytics platform BitInfoCharts, the stash of 232 BTC was deposited in August 2012 when Bitcoin was trading at $12.11. With Bitcoin trading at $114,423 at the time of the transaction, the stash has recorded a staggering price increase of 944,765.
Other than the initial deposit transaction in 2012 and the recent withdrawal, the ancient wallet has received trace amounts of Bitcoin a handful of times over the last 13 years, possibly a sign of dusting attacks. Dusting attacks involve hackers and scammers sending tiny amounts of a crypto asset to a vast number of wallets in an attempt to identify wallet holders.
Hours earlier, Whale Alert also noted that another ancient address had moved a partial amount of Bitcoin that had been in the wallet since November of 2012. According to BitInfoCharts, on September 11th the ancient address moved 137 BTC worth approximately $15.63 million at the time of the transaction.
Bitcoin appreciated from a price of around $12.22 to $114,094 over that time, marking a paper gain of 933,566 in about 12 years and nine months.
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