Cryptokit activates bitcoin wallet for over $ 116 million after 11 years of inactivity

On Tuesday, September 16, after more than 11 years of inactivity, the «bitcoin whale» activated his wallet and transferred 1,000 BTC worth about $ 116.6 million. This is evidenced by the data of Lookonchain online analytics, which refers to Arkham. It is known that funds from the wallet «1NzH…DrtpZo» were distributed to four new addresses. The owner received these bitcoins BTC $116,399.00 Mezo Wrapped BTC 0.83% Market capitalization $43.32 million VOL. 24 hours $1.47 billion back in January 2014, when the rate was approximately $ 847 per coin.

Arkham did not identify the owner of the wallet or the new addresses to which the assets were transferred. Nevertheless, the transfer aroused interest among market participants, as such movements of old funds are often associated with potential volatility. At the time of the transaction, bitcoin was trading at $ 116,637, adding 1.3% per day and almost 4.8% per week.

The activity of OG wallets is growing amid the rally of the crypto market. Last week, another wallet containing 445 BTC transferred part of its assets for the first time in almost 13 years — 132 BTC to a new address and another 5 BTC to the Kraken exchange.

In July of this year, the Satoshi-era whale sold more than 80,000 BTC worth more than $ 9 billion through Galaxy Digital as part of an estate planning strategy. Cases like this show that even the oldest holders are starting to come back to life amid the rising value of cryptocurrencies.