Bitcoin Hodler Awaken: Dormant Miner Wallets Unveil 15-Year-Old Treasures
A Bitcoin wallet became active after over 15 years as the owner decided to take profit
According to blockchain analytics platform Lookonchain, a Bitcoin miner wallet, inactive since January 30, 2009, transferred out 50 BTC, a sum valued at approximately $3.05 million.
Beneath the surface of constant fluctuations, pockets of time-locked wealth exist—dormant wallets holding forgotten treasures of early crypto pioneers.
Notably, this wallet held dormant for an astounding 15.7 years, signifies the longevity and resilience of Bitcoin as a store of value. The mere fact that these funds remained untouched for over a decade and a half speaks volumes about the foresight and patience of the original miner.
Bitcoin Miner 16 Years Dormancy
Adding to this remarkable event, another Bitcoin miner wallet, dormant for 15.6 years, similarly awoke, transferring out another 50 BTC, valued at approximately $3.19 million.
Furthermore, this wallet, bearing the address 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, mirrors the previous event, highlighting the possibility of a trend emerging.
Moreover, these reactivations, separated by mere days, suggest a potential shift in the landscape of dormant Bitcoin holdings, with early investors and miners potentially re-evaluating their strategies and unlocking their long-held assets.
Additionally, the events raise intriguing questions about the motivations behind these transfers. Were these deliberate moves calculated to capitalize on the current market conditions?
Ethereum Whale Awakens to Take Profit at 446x Gains
On September 16, 2024, a large investor who had bought 16,636 Ethereum (ETH) in February 2016 for $5.23 per ETH woke up and decided to sell some of their holdings, making a huge profit of 446 times their initial investment.
As reported by @EmberCN on X, a Chinese crypto data account, the investor sold a portion of their Ethereum at $2,340 per token. This represents a significant increase from the initial purchase price of $5.23, resulting in a total investment of $87,006.
The investor had held onto their ETH for over eight years, demonstrating remarkable patience and foresight. Their recent decision to sell part of their holdings at $2,340 per token resulted in a substantial profit of $819,000, nearly ten times their initial investment.
