An unknown user, who had held 18 BTC (around $1.13 million), became active for the first time in 13 years, transferring part of the funds to two other addresses. According to Whale Alert, these bitcoins were purchased in 2013 for $10,833.

💤 A dormant address containing 18 #BTC (1,132,682 USD) has just been activated after 10.9 years (worth 10,883 USD in 2013)!https://t.co/wsCwt15gZL
— Whale Alert (@whale_alert) October 13, 2024

As of now, the investor has increased their investment by 105 times. Back in 2013, the price of Bitcoin ranged between $13 and $1,000 per coin.

On October 11, a similar case was observed, where a “sleeping” wallet, dormant for 12.7 years, with 100 BTC (around $6 million), became active again. When the last transaction occurred in 2010, the value of these coins was only $605.

💤 A dormant address containing 100 #BTC (6,017,301 USD) has just been activated after 12.7 years (worth 605 USD in 2012)!https://t.co/ANaiRZIbmk
— Whale Alert (@whale_alert) October 11, 2024

Other Cases of Old Wallet Activity

In October 2024, another unknown user, who had held more than $72.5 million in Bitcoin since 2009, transferred part of their funds, amounting to $3.58 million, to the Kraken exchange.

Previously, in September, an unknown miner from the Satoshi Nakamoto era moved 250 BTC worth $16 million after 15 years of inactivity. In the same month, a wallet inactive for over 10 years transferred 35 BTC worth $2 million.

In August, analysts tracked transactions involving whales holding 174 BTC and 190 BTC. These wallets had also been inactive for over 10 years.