NewsDialy
A Bitcoin Wallet Took a 12-Year Nap. It Just Woke Up With $40 Million. Back in 2013, somebody buys 500 bitcoins for about $461,500. On Sunday, May 10, that same wallet finally stirred.
The owner shifted all 500 coins, now worth roughly $40 million. That is an 88-fold gain on the original buy. So what is a "dormant wallet" anyway? It is just a crypto address that has sat untouched for years.
Bitcoin transactions are public, so on-chain trackers like Lookonchain can see when an old address starts moving coins. When one of these "OG" wallets (slang for early adopter) wakes up, traders pay attention.
On the same day, other wallets created between 2013 and 2017 also moved coins. Add it all up and about 859 bitcoins, or close to $69 million, changed hands in a single stretch of blocks.
Keep reading