From $7,000 to $1 Billion: Bitcoin Wallet Awakens After 14 Years of Silence
A long-inactive Bitcoin wallet holding a staggering 10,000 BTC - worth over $1.09 billion at current market prices - has been reactivated after remaining untouched for more than 14 years.
According to blockchain tracking service Whale Alert, the address had not seen any activity since 2011, when the total value of the holdings was just $7,792.
This massive awakening has sparked speculation across the crypto community, given the sheer size of the transfer and the historical context. In 2011, Bitcoin was still in its infancy, priced at under $1 per coin at the beginning of the year and climbing to around $30 during a brief surge.
The wallet’s reactivation comes at a time when Bitcoin is trading at $108,831.54, slightly down 0.47% over the last 24 hours but still up 1.72% on the week. The leading cryptocurrency boasts a market cap exceeding $2.16 trillion, with daily trading volume nearing $47.6 billion.
The origin of the wallet remains unknown, but its age suggests it may be linked to early miners or investors—possibly even one of Bitcoin’s earliest adopters. Such movements often raise concerns about potential market impacts if large volumes are sold.
With Bitcoin trading near all-time highs and whales reemerging from deep slumber, analysts will be watching closely to see if more ancient wallets begin to stir.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
