An address that had been inactive for over 14 years transferred 50 BTC, worth about $3.4 million, to another wallet. This was discovered by analysts at Whale Alert.

💤 A dormant address containing 50 #BTC (3,387,175 USD) has just been activated after 14.3 years (worth 2 USD in 2010)!https://t.co/HWGBYNbQWd
— Whale Alert (@whale_alert) October 25, 2024

The wallet first acquired Bitcoin in 2010 when the cryptocurrency was priced at just $2. Over the 14.3 years, the value of these coins increased approximately 1.7 million times.

Earlier, in early March, an unknown holder sold 1,000 BTC mined in 2010, receiving about $68 million for them.

Later, another group, including 80 wallets, transferred 2,352.62 BTC, totaling over $163 million. These addresses had been inactive for about eight years.

In the same month, another address, which had been dormant for almost 12 years, transferred its 500 BTC, worth about $35 million.

It’s worth noting that in January, analysts at CryptoQuant also recorded the movement of 49,866 BTC that had been “sleeping” for over five years. However, these coins were not sent to an exchange.

In June, a miner who had mined BTC 14 years ago transferred 50 BTC to Binance.