Dormant Bitcoin Addresses Activate, Moving Over $60 Million
- At least 13 dormant Bitcoin addresses became active after being inactive for over a decade.
- These addresses transferred nearly 818 BTC, valued at over $60 million during the transactions.
- The largest transfer occurred on August 18, moving 212 BTC worth approximately $13.66 million.
- Another significant transfer of around 282.31 BTC took place on August 22, involving coins held since at least 2011.
- On August 29, a dormant address moved just ten BTC after fifteen years, showing a rise from an estimated $15 to about $777,000 per coin.
The resurgence of these long-dormant Bitcoin addresses highlights significant paper gains due to price increases in the cryptocurrency market. However, it is important to note that these transfers do not confirm any sales or realized profits.
With nearly $60 million in BTC moved from long-term storage, the activity reflects substantial appreciation in value over the years without indicating actual profit realization by holders.(Source)
