U.Today – Ancient Cryptocurrency Wallets Reactivated

Prominent blockchain sleuth Whale Alert has spotted three ancient cryptocurrency wallets coming back to life after a long hibernation. One of them was last active in 2010 – the year when the mysterious Bitcoin creator Satoshi Nakamoto stepped away, leaving BTC in the hands of keen developers.

These dormant wallets were reactivated less than 48 hours ago while Bitcoin, the world’s flagship cryptocurrency, has skyrocketed above the $71,000 level for the first time since June.

Satoshi-era Wallets Keep Returning as BTC Skyrockets

Whale Alert reported on three ancient Bitcoin wallets returning from dormancy nearly consecutively.

• First Wallet:

  • Reactivated on Monday.
  • Contains 16 BTC valued at $1,147,359 (an increase of 53,018.5%).
  • Last active after 11.1 years of inactivity.

• Second Wallet:

  • Awakened holding 28 BTC from dormancy after 13.6 years.
  • Last used in 2010.
  • Valued at $1,995,139, compared to a mere $9 back in 2010 (22,168,100% ROI).

• Third Wallet:

  • Detected today holding 749 BTC valued at $53,227,433.
  • Last moved in 2012 when it was worth $7,974, representing a 667,412% increase in returns.

All three wallets have been reactivated as Bitcoin surges, nearing its March historic peak of $73,750.07. This year, the fourth Bitcoin halving occurred, but unlike previous instances, BTC hit a new ATH prior to the halving.

Currently, Bitcoin is trading at $73,750.07, aiming for a new historic price peak.

This article was originally published on U.Today