U.Today – According to several sources, earlier today the anonymous owner reactivated the dormant wallet. The last time this whale used his crypto wallet was 10.6 years ago.
Now, the value of the Bitcoins stored there has skyrocketed by almost 8,000%, making their owner a millionaire. It was the fourth dormant BTC wallet to wake up in the past week.
Satoshi-era Bitcoin wallet wakes up with millions of BTC
Spot On Chain, a platform that tracks Whale Alert transactions and analyzes transaction chains, has recorded the reawakening of the aforementioned whale, which contains 1004 BTC.
While this wallet purchased these coins back in 2013 and 2014 at an average price of $731, at which time the cryptocurrency was worth $737,000, it has now increased in price by a whopping 7,634% and is valued at a staggering $56,924,352.
Chinese cryptocurrency journalist and blogger Colin Wu reported that this sleeping whale has already moved all of its cryptocurrencies to a novel wallet. Earlier this week, three other sleeping wallets came back to life, holding a lot of Bitcoin — $1.14 million, $2.6 million, $6.9 million in Bitcoin equivalent.
Bitcoin Reclaims $56,000 After Falling Below $54,000
The world’s leading cryptocurrency Bitcoin has seen a nice 4.56% gain in the past 24 hours. BTC has managed to rebound after slightly falling below the $54,000 level on Friday and is changing hands in the $56,500 zone at the time of writing.
The price raise comes despite the US and German governments continuing to dump massive amounts of Bitcoin into the market, with Mt. Gox now joining in. The early and defunct cryptocurrency exchange has finally begun paying for and owning Bitcoin for its investors and traders.
Still, a positive nonfarm payroll report for June was released on Friday, showing an raise in employment, allowing bitcoin to recoup some of its recent losses.
