A long-dormant Bitcoin whale suddenly moved more than $35 million worth of BTC after sitting on it for nearly 12.5 years.
The crypto tracker Whale Alert notes the unknown address moved 400 BTC worth $35.84 million to another unknown wallet on Sunday.
The wallet received 400 BTC in June 2012 and didn’t touch it until this weekend, according to data from BitInfoCharts. Bitcoin was trading at $5.45 at the time, meaning the whale saw its holdings rise in value by a staggering 1,644,100%.
The long-dormant wallet has received trace amounts of Bitcoin a handful of times over the last 13 years, though those transactions appear to be the result of dusting attacks.
Dusting attacks involve hackers and scammers sending minuscule amounts of cryptocurrency (dust) to numerous personal wallets in an attempt to break the wallet holders’ privacy.
The scammers then try to trace the transactional activity of targeted wallets in order to identify the people or companies behind them.
The whale that moved its Bitcoin on Sunday wasn’t the only long-dormant BTC address to spring to life recently.
Per Whale Alert, other ancient wallet movements included:
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
