A dormant Bitcoin wallet, known as “17TZNT,” has suddenly become active after six years of inactivity. The wallet moved 2995 BTC, equivalent to $82.3 million, to two new addresses on October 10. This comes after the wallet received 3,200 BTC in 2016 and transferred 204 BTC one year later. The price of BTC has increased by nearly 6000% since the wallet’s first purchase, reaching $27,703 at the time of writing. Another dormant wallet also made a significant move, transferring 5,000 BTC worth around $140 million on October 8. This wallet had been inactive for three years. There has been a recent trend of old-school Bitcoin holders moving their substantial holdings, with dormant addresses from 2012 coming to life after over a decade of inactivity. The reasons behind this resurgence and its potential impact on Bitcoin’s price remain unclear. Data from Glassnode shows that over 13 million BTC, approximately 68.54% of the total circulating supply, have remained untouched for at least one year.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | The geographical region referenced in the text is not specified. |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | None |
| Companies | BTCparser, Glassnode, Peckshield |
| Currencies | Bitcoin |
| Securities | None |
