Two Dormant Bitcoin Addresses Containing 155 BTC Reawaken After 11.3 and 10.3 Years of Hibernation

As the broader crypto market shows signs of recovery, Whale Alert indexes the reawakening of two dormant Bitcoin addresses containing a combined 155 BTC.

Two dormant Bitcoin addresses containing a combined 155 BTC have been activated, according to data from crypto whale tracking service Whale Alert.

The first activation involves an 11.3-year-old dormant Bitcoin wallet that suddenly came out of hibernation yesterday at 16:33 UTC. The wallet in question boasts a balance of 130 BTC. At the current exchange rate, this stash of satoshis is valued at $8,423,540 (around $8.42 million).

However, when the 130 BTC tokens first arrived at the wallet in 2013, they were only worth $9,733. A fast forward of 11.3 years later sees the value of the funds skyrocket to a whopping $8.42 million. This suggests that the wallet registered a return of 86,446% in less than 12 years.

Another Dormant Wallet Awakens After 10.3 Years of Hibernation

Furthermore, Whale Alert also alerted the public to a Bitcoin address that initiated a transaction for the first time since 2014. According to the whale-tracking resource, this address has been dormant for 10.3 years and only reawakened yesterday at 21:33 UTC.

Prior to its reactivation, the address held 25 BTC. At the time of Whale Alert’s tweet, the value of this stash of satoshis amounted to $1,619,912 (around $1.61 million). This reflects a massive surge of 15,049% compared to their initial value of $10,693 as of 2014.

Data from blockchain analytic platform Arkham Intelligence shows that the wallet’s owner transferred the entire 25 BTC to two addresses. Notably, 15 BTC were sent to an unknown address, while the remaining 10 BTC were moved to a wallet affiliated with the German crypto exchange Bitcoin.de. At press time, the formerly dormant address has a zero BTC balance.

Increased Activation of Dormant Bitcoin Addresses

The transactions are part of a broader trend involving the reawakening of dormant Bitcoin addresses in recent times.

The Crypto Basic has reported a several of these transactions. This month alone, we spotted the reactivation of Bitcoin addresses that have been dormant for several years. In particular, a 12.4-year-old dormant wallet containing 119 BTC was activated on July 4. Five days later, another Bitcoin wallet with 48 BTC was reactivated after 13 years of dormancy.

The continuous reactivation of these dormant Bitcoin addresses has triggered concerns among investors, who worry it may have a bearish impact on crypto prices.

In the meantime, Bitcoin’s price is up 2.26% over the past 24 hours to $65,291. The top asset has also witnessed a double-digit gain of 13.05% in the weekly charts.

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