CandleFocus Satoshi-Era Bitcoin Whale Awakens With 169,358,650% Gains
2024-10-25
Author: Content Editor
A dormant Bitcoin address from the early days of Bitcoin has been reactivated after 14.3 years, resulting in a gain of 169,358,650%. The address contains 50 BTC, currently worth almost $3.4 million, which were originally worth only $2 back in 2010. The identity of the owner remains unknown, leading to speculation about their intentions. On-chain analytics suggest that the wallet belonged to an early miner who earned the 50 BTC from mining in July 2010. The exact reason for the activation is unclear, but it is possible that the owner decided to cash in on the significant gains or rediscovered the keys to the wallet.
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