A Bitcoin Wallet Contains 791 BTC Has “Woken Up” After Almost Ten Years Of Staying Inactive
As reported by Whale Alert, we may have encountered something unusual as the old BTC wallet is back in action after 9.1 years. During the activation 791 BTC have been moved around.
Source: Whale Alert
791 BTC have been moved from a 9-year-old wallet
The Bitcoin wallet that has been inactive for over nine years has just been activated and working again. This wallet holds 791 BTC, which is equivalent to $26,250,917 in BTC price at press time (around $33,189).
Reportedly, this wallet was established shortly after Satoshi Nakamoto, the anonymous Bitcoin creator and author of the BTC White Paper disappeared. And the last active is still during the era of Satoshi. Back then, mining was almost the only way to get some BTC because the first exchange Mt. Gox launched in 2010.
In the comment thread, several Twitter users joked that the owner of the wallet had simply recalled his password after more than nine years of unsuccessful attempts to recover it.
Earlier this year, in February and March, a large amount of Bitcoin (5,000 BTC and a little over 2,000 BTC), which has not fluctuated since the time of Satoshi, was transferred by the owner. In the past, when large amounts of Bitcoin were transferred by miners from their old wallets, this caused fluctuations in the BTC price.
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