Bitcoin Address Dormant for 11 Years Activated, Holding 142 BTC Worth $8.45 Million

IconCryptoNewsTerminal Staff21 Aug, 2024

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Bitcoin Address Dormant for 11 Years Activated, Holding 142 BTC Worth $8.45 Million

According to Whale Alert, a Bitcoin address (starting with 124j1t) that had been dormant for about 10.8 years was activated on the 21st at 11:53 PM UTC. The address holds 142.59 BTC ($8.45 million). In 2013, the value of that amount was around $78,150. The reactivation of this address has sparked speculation about the identity of its owner and the reasons behind its dormancy. Some believe that the owner may have forgotten about the address or lost the private keys. Others speculate that the owner may have been waiting for the price of Bitcoin to rise before selling. Whatever the reason, the activation of this address is a reminder of the long-term potential of Bitcoin. Even if you forget about your Bitcoin for years, it will still be there when you need it.

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