Ancient Bitcoin Wallet Containing 59 BTC Activated After More Than 13 Years

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Activation Event
  2. Impact on Bitcoin Price
  3. Other Activations This Month


    4. An ancient Bitcoin wallet was activated for the first time in more than 13 years, according to Whale Alert. The wallet's address contains 59 bitcoins, worth approximately $3.8 million at the time of writing.

    Activation Event

    The activation of the ancient Bitcoin wallet coincided with a significant price surge. Earlier today, Bitcoin briefly reclaimed the $64,000 level for the first time since late August.

    Impact on Bitcoin Price

    It is unlikely that the wallet was activated specifically due to the price increase, as there is no clear pattern of such activations.

    Other Activations This Month

    Multiple wallets have been activated this month after more than a decade of dormancy. For instance, a dormant wallet containing 43 BTC (more than $2.5 million) emerged from hibernation for the first time in nearly 11 years. Last week, Whale Alert recorded four such wallets. One contained $10.5 million worth of Bitcoin at the time of activation.

    This is the first time this month that a Bitcoin wallet dormant for more than 13 years has been activated. Such ancient wallets, dating back to the era of Bitcoin creator Satoshi Nakamoto, are rather rare.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.