In the past 24 hours, dormant Bitcoin wallets that have been inactive for over 14 years have been reactivated, attracting the attention of both investors and analysts.
Revival of Dormant Bitcoin Wallets
Blockchain tracker Whale Alert reported six transactions from dormant addresses, each containing 10,000 BTC. These assets were activated after 14.2 and 14.3 years of dormancy.
Coinbase Expert's Response
Coinbase Director Connor Grogan shared insights on the high-value transactions, suggesting that the BTC was from a single miner dating back to 2011. He noted that one address previously held 200,000 BTC, worth $22 billion today.
On-Chain Data Insights
Analytics platform Lookonchain attributes the recent transactions to an owner of over 80,000 BTC. Data shows that six wallets transferred 60,000 BTC after being dormant for more than 14 years.
The revival of dormant Bitcoin wallets is a significant event that could impact the market. Analysis of these transactions and their potential implications continues.
