After a long slumber, a massive Bitcoin (BTC) holder has stirred, moving $3,050,000 worth of the cryptocurrency to Binance.
Dormant Wallet Revives
According to Lookonchain, a crypto intelligence firm, a mining wallet that had been inactive for 14 years suddenly deposited 50 BTC on June 26th. These coins were mined in July 2010, when BTC was trading for less than $1.
Historical Movements
Earlier this year, Lookonchain reported similar activity, with two wallets dormant since 2013 shifting $61 million worth of BTC. The investors had originally purchased the tokens for just $124 each, resulting in a staggering 50,000% gain.
Current Market Conditions
At the time of writing, Bitcoin is trading at $61,630, showing a slight increase over the past 24 hours.
