A Bitcoin (BTC) address from 2010 became active again after being dormant for over 16 years, transferring out approximately $3.4 million in BTC.
According to the blockchain tracking platform Whale Alert, this address holds 50 units of BTC, which is approximately equivalent to $3,442,939 when activated.
This dormant address has not been active for 16.2 years. Going back to the early days of Bitcoin, the value of these 50 BTC was only $3.
It is worth noting that this is not the only old Bitcoin address that has suddenly become active again.
Whale Alert It is also reported that another Bitcoin address, which holds 50 BTC coins worth approximately $3,442,129, has become active again after 16.2 years.
This address held 50 BTC upon activation.
These two transfers occurred on November 13th, just a few minutes apart. Therefore, the total value of the newly activated Bitcoins is approximately 6.89 million US dollars.
At present, it is not known who the holders of these wallets are, nor can it be confirmed whether these addresses belong to the same individual or entity.
The reason these addresses are important is that they can be traced back to 2010, which is known as the "Satoshi Nakamoto era."
In simple terms, the "Satoshi Nakamoto era" refers to the initial years of Bitcoin, mainly in 2009 and 2010. During that time, Satoshi Nakamoto, the pseudonymous founder of Bitcoin, was quite active in network development.
To be more precise, Bitcoin was born in January 2009. The initial block reward was 50 BTC, and this reward continued until November 2012 when Bitcoin underwent its first halving.
This is also why the 50 BTC held by these newly activated addresses correspond to the rewards that early Bitcoin miners were able to obtain.
These old addresses always attract a lot of attention because during that period, there were relatively few Bitcoin miners and users.
However, this does not mean that these wallets belong to the mysterious founder of Bitcoin.
Recent other activations
This latest activation occurred after a series of interesting addresses in the crypto world became active again. Over the past month, multiple long-dormant crypto addresses have gradually resumed their activity.
On October 22nd, Whale Alert reported that a Bitcoin address holding 170 BTC, worth approximately $14.38 million, became active again after being dormant for 13 years.
Prior to this, on October 20th, a dormant account holding 500 BTC tokens, valued at approximately $41.54 million, became active again after 10.7 years. In 2016, the value of these holdings was only $194,955.
Subsequently, the encryption analysis platform Arkham linked this transaction of 500 BTC to an address belonging to the Irish convicted drug dealer Clifton Collins. Prior to this, these crypto assets were considered to be unavailable for use.
On October 17th, Whale Alert tracked activities involving old Bitcoin addresses. These addresses held 248 BTC and 167 BTC respectively, with a value of approximately $20.24 million and $13.65 million.
