Bitcoin wallet dormant for 12 years suddenly moves 500 BTC
According to on-chain data, a Satoshi era wallet has suddenly moved 500 BTC. The Bitcoin wallet last transacted when the BTC price hovered near $8. On-chain data shows a Bitcoin wallet that last transacted nearly 12 years ago has suddenly moved all 500 BTC it held. According to data Lookonchain shared on March 30, the said wallet had been inactive since July 2012. The last transaction that sent the 500 BTC to the wallet was at a time when Bitcoin price was a mere $8, Lookonchain noted. A wallet that had been dormant for 11.7 years transferred all 500 $ BTC ($34.78M) to multiple new wallet s. This wallet received 500 $BTC($3,786 at the time) on Jul 14, 2012, when the price of $BTC was only $7.57. Address: 1LUDXsAT6fQypinRbqVKatMiAbv6o9HjBc pic.twitter.com/zP3A3GlQHT — Lookonchain (@lookonchain) March 30, 2024 While the wallet owner’s identity is unknown, the transfer to new addresses comes as Bitcoin price hovers around $70k. The benchma...