12-year dormant Bitcoin address wakes up with $7 million worth of BTC**

IconCryptoNewsTerminal Staff04 Jul, 2024

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12-year dormant Bitcoin address wakes up with $7 million worth of BTC**

Whale Alert reported that a dormant Bitcoin (BTC) address that had been inactive since 2012, more than 12 years, has been activated. The address holds 119 BTC ($7 million). The value of the same amounts to $599 in 2012. The activation of this address has sparked speculation in the cryptocurrency community. Some believe that the owner of the address may be a "whale," or a large holder of Bitcoin. Others believe that the address may have been hacked. It is still too early to say what the implications of this activation will be. However, it is a reminder that Bitcoin is a volatile asset. The value of Bitcoin can fluctuate significantly in a short period of time. Only time will tell what the future holds for this dormant Bitcoin address.**

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