Trading News

Read The Latest News & Analysis

Dormant Bitcoin Wallet with 321 BTC has Re-Activated

Bitcoin Wallet
Share on:

A dormant bitcoin wallet holding BTC worth millions of dollars has suddenly become active after 8 years. This life-changing amount of money has the potential to shake up the crypto market.

The wallet with 321 BTC was reactivated on Tuesday. There was no transaction activity from the account since 2013. The reason for dormancy is unknown. Moreover, there are no ownership claims for the account. It currently has 15 million dollars worth of bitcoin.

Interesting For You: Reports say Solana Hit By DDoS Attack

The wallet in question went dormant a few years after the creator of BTC, Satoshi Nakamoto, disappeared. Is there a connection between these two events? Not sure. Nevertheless, the crypto community is coming up with its own speculations regarding the re-activation of dormant wallet.

Bitcoin price has increased many folds over the past 8 years. The price of a single BTC is closed to $50K at the moment whereas it reached the all-time high of $67k.  The worth of 321 BTC was $6,594 in 2013. Today, on the other hand, this holding is worth $15, 103, 046.

Many dormant BTC wallet addresses have been reactivated in the recent price rally of Bitcoin. Individuals who staked bitcoin in the early days (2011-2013) have now their holdings worth millions of dollars. Anyone with just a few hundred BTC at that time is now a whale.

On September 19th another dormant Bitcoin wallet was activated with whale transferring 116 Bitcoin to its different accounts on September 12th.

Recent News

crypto market

Tesla Sold 75% of its Bitcoin Holdings

Tesla has backed off from its bitcoin investment The electric car company sold 75% of its Bitcoin holdings in the second quarter The financial disclosure report of

crypto market

Another Day, Another Crypto Scam

Another day, another crypto scam Crypto Hackers managed to hack the official Twitter, Facebook, and YouTube accounts of the British Army on Sunday They started posting phishing

crypto market

Major Crypto Coins are Facing Slump

Major Crypto Coins faced losses last Friday after slumping to their lowest levels of the year The market cap of the 100 largest crypto tokens declined by 50% Bitcoin has done

crypto market

Over 50% of Bitcoin Holders are in Profit

Bitcoin fell to $17,600 over the weekend The price reached a 19-month low after retracing 845% from all-time highs However, 562% of bitcoin holders are still in profit This

Let's Chat