Two wallets that held a combined 1,000 Bitcoin (BTC) for more than 10 years have suddenly woken from their slumber, according to on-chain data.
The crypto tracker Lookonchain notes that the first wallet 500 received BTC worth $62,000 on September 12, 2013, when the price of Bitcoin was $124.
The second wallet received the same amount at the same price the next day.
After more than 10 years of dormancy, both wallets transferred all their assets in the space of 20 minutes this weekend. The Bitcoin treasures were collectively worth $60.9 million, a staggering 49,012.9% increase.
Data from digital asset de-anonymization platform Arkham indicates that the crypto was sent to two newly created wallets. One of the addresses still holds up 500 BTC, while the other sent the Bitcoin through a range of other new wallets.
In April, Ki Young Ju, the CEO of blockchain intelligence platform CryptoQuant, noted that newer crypto whales – or investors who, according to his company, own at least 1,000 Bitcoin with an average coin age of less than 155 days – are almost twice as had collected a lot. much BTC as their long-term counterparts.
BTC is trading at $62,568 at the time of writing. The highest-ranked crypto asset by market capitalization is up almost 2% in the past 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: DALLE3