According to some reports and Whale Alert, a Bitcoin wallet containing 407 BTC ($15.5 million at press time) has been activated for the first time since 2013.
Source: Whale Alert
Ancient Bitcoin wallet holding 407 BTC comes to life
The coins were originally worth $355,254, which means they have increased in price by about 4,266%. Bitcoin is currently trading at around $38,000 on major spot exchanges.
BTC/USD 4-hour chart | Source: TradingView
It is possible that the wallet did not work after its owner finally unlocked it. One should also not rule out that someone has such a high level of trust.
Over the past few months, several similar Bitcoin wallets have been born after years of inactivity. Addresses dating back to 2011 often attract large amounts of public interest as they can be linked to none other than Satoshi Nakamoto.
Meanwhile, a dormant Ethereum wallet containing over $5 million worth of ETH appeared at the end of February.
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