Dormant Bitcoin Wallets Containing 20,000 BTC Activated After 14 Years

Two Bitcoin wallet addresses, inactive for over 14 years, have suddenly moved a combined total of 20,000 BTC.

• The Awakening: On Thursday night, two wallet addresses that each received 10,000 BTC in 2011 became active again.
• The Origin: On April 3, 2011, address 1HqXB...gDwcK transferred 23,377.83 BTC. The funds were split: 10,000 BTC to 12tLs...xj2me, 10,000 BTC to 1KbrS...AWJYm, and the remaining 3,377.83 BTC to a third address, according to Blockchain.com data.
• The Dormancy: For 14 years, wallets 12tLs...xj2me and 1KbrS...AWJYm remained untouched.
• The Move: Late Thursday night/early Friday morning, these wallets moved their respective 10,000 BTC stashes to new addresses, within 30 minutes of each other. The initial receiving addresses have no previous transaction history prior to this move.
• The Third Wallet: The third wallet that received 3,377.83 BTC back in 2011 had already spent or moved its funds in the same year.
• The Value Surge: The 20,000 BTC has experienced an astounding increase in value of approximately 13,982,800% during its dormant period. Originally valued at $7,800 in 2011, it is now worth a staggering $2.18 billion.
• The Mystery: The reason for the sudden transfer, the identities of the wallet owners, and whether a single entity controls both addresses are currently unknown.
• Market Context: Bitcoin is currently trading at $109,064 as of 1:30 a.m. on Friday, a slight decrease of 0.09% over the past day. Analysts suggest that a longer-term macro catalyst could potentially push Bitcoin beyond its all-time high of around $118,000, building on the current stability above the $100,000 support level.

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