Massive Activation: Dormant Bitcoin (BTC) Wallet Containing 190 BTC Awakes After 11.4 Years
CryptoNewsTerminal Staff09 Aug, 2024
Massive Activation: Dormant Bitcoin (BTC) Wallet Containing 190 BTC Awakes After 11.4 Years
Bitcoin, the world's leading cryptocurrency, continues to make headlines with its significant movements. Recently, Whale Alert, a popular blockchain tracker, detected the activation of a Bitcoin address that had been dormant for an astounding 11.4 years. This particular address, which had been inactive since 2011, holds a significant amount of Bitcoin - approximately 190 BTC. At the current market value, this translates to a staggering $11.49 million. The reactivation of this wallet has sent ripples through the cryptocurrency community, sparking curiosity and speculation. It is worth noting that the dormant address was created during Bitcoin's early days, when its value was considerably lower. The decision to hold onto these coins for over a decade has undoubtedly proven to be a wise investment for the unknown owner. The activation of this dormant wallet serves as a reminder of Bitcoin's long-term potential as a store of value. It also highlights the importance of secure storage and the patience required in the world of cryptocurrency investing.
