Dormant Bitcoin wallet from 2013 reactivated with $8 million worth of Bitcoin gaining 9,985%.

From Investing.com

Date: September 09, 2024
Time: 4:30:25 pm:

An ancient dormant Bitcoin whale has been reactivated after almost 11 years, containing $8,094,469 worth of Bitcoin in a wallet that has been inactive since 2013. The value of the Bitcoin inside the wallet has soared by 9,985% since then, with the cryptocurrency currently trading at $55,242.

In 2013, Bitcoin experienced significant price volatility, starting the year at $13, surging to $266 in April, dropping to $50, and then rising to $1,000 in November. The increase was driven by media attention, adoption, and speculation.

At the time of writing, the dormant wallet containing $8,094,469 worth of Bitcoin has made a staggering profit of 9,985%. Bitcoin is currently valued at $55,242.

Read more at Investing.com: Dormant Bitcoin Wallet Reactivated With Massive 9,985% Profit and Millions of USD By U.Today