A “fake” address for 14 years moved $3.4 million worth of bitcoins

A wallet that had been dormant for over 14 years moved 50 BTC worth nearly $3.4 million to a new address. Whale Alert analysts drew attention to this.

💤 Dormantic address containing 50 #BTC (3,387,175 USD) just implemented after 14.3 years (2 USD value in 2010)!https://t.co/HWGBYNbQWd

– Whale Alert (@whale_alert) October 25, 2024

The wallet received its first digital currency for $2 in 2010. So, over 14.3 years, the amount increased about 1.7 million times.

At the beginning of March, an unknown person sold 1000 BTC mined in 2010, earning around $68 million.

Later a group of 80 wallets transfer 2352.62 BTC worth more than $163 million.

In the same month, the address has been “unusual” for almost 12 years transferred all my 500 BTC for nearly $35 million.

Let us remind you that in January, CryptoQuant analysts noticed for “passionate” transfer for more than five years 49,866 BTC. But the coins were not sent to the exchange.

In June, a miner from the age of Satoshi Nakamoto send 50 BTC mined 14 years ago Binance.

Find an error in the text? Select it and press CTRL + ENTER