After a decade, a long-dormant Bitcoin (BTC) wallet suddenly woke up and moved around the top crypto asset by market cap, worth millions of dollars.
According to new data from whale tracking platform Whale Alert, an old BTC address that has been inactive for a decade has awakened from its slumber and has reached a value of around 357 BTC, worth $34,070,177.
“A dormant address containing 357 BTC ($34,070,177) was just activated after 11.0 years!”
Data from blockchain tracker BitInfoCharts shows that the wallet profited a staggering $33.7 million, or 10,150%, from the rising Bitcoin price. BitInfoCharts also shows that the wallet has not been active since January 2014. At the time, the crypto king was worth just $862.
The data also shows that small amounts of BTC were sent to the address several times throughout its existence.
Earlier this month, BitInfoCharts noted that long-dormant crypto whale wallets were receiving traces of BTC, likely due to dusting attacks.
Dusting attacks occur when malicious actors send small amounts of crypto to addresses in order to invade their privacy and track the transaction data from them to identify the people or…
