U.Today

According to data shared by the popular blockchain tracking service Whale Alert, less than two hours ago, a dormant Bitcoin address was reactivated after almost a dozen years of inactivity.

Ancient Bitcoin Wallet Awakens

This dormant wallet contains 100 BTC, currently valued at $5,964,455. In 2013, when last used, it was worth only $14,202, marking a massive 41,897% rise in value.

Crypto community members speculated about the wallet’s reawakening, suggesting that the whale may sell the dormant Bitcoin for profit.

$855 Million in Bitcoin Bought on Coinbase (NASDAQ:COIN) by New Whales

Recently, Whale Alert reported the awakening of several dormant Bitcoin wallets. These are typically long-term holders or individuals recovering lost private keys after many years.

Additionally, two Bitcoin transfers from Coinbase to unknown new wallets, worth nearly $900 million, signify the emergence of new whales in the market.

On Wednesday, Bitcoin saw a decline of 5.57%, dropping from $62,000 to $58,650, before gaining back 2.64%. Currently, BTC is trading at $59,652.

This article was originally published on U.Today.