A post by @whale_alert on X.
A dormant address containing 50 $BTC (3,442,939 USD) has just been activated after 16.2 years (worth 3 USD in 2010)!
@whale_alert on X
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A bitcoin address dormant for 16.2 years was activated on Wednesday, moving 50 BTC now valued at roughly $3.44 million, according to Whale Alert. The coins were worth about $3 when they were acquired in 2010, implying a gain of more than one million times on the original outlay. The wallet is one of a shrinking pool of "sleeping" early-era addresses, and its reactivation matters because long-dormant coins are closely watched as a signal of whether 2010-era holders intend to sell. On-chain analysts will be watching whether the 50 BTC is forwarded to an exchange deposit address or simply rotated to a new self-custody wallet.
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Bitcoin (BTC), Whale Alert
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