Cryptocurrency owner transfers $ 14 million in bitcoins after 11 years of inactivity

A cryptocurrency investor who had been inactive since 2010 suddenly made a transfer of 250 BTC. These coins were mined only a year after the creation of BTC $65,672.97 Bitcoin -0.28% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion .

According to LookOnChain, the early crypto miner moved 250 bitcoins after 11 years of inactivity. The owner distributed the coins to five new addresses. At the time of the transfer, the value of the coins was about $ 13.95 million.

This event attracted the attention of the crypto community. Some users even speculate that Сатоші Накамото" href="https://noworries.news/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto might have returned. However, it is more likely that the miner found an old hard drive and decided to move or sell his coins.

The founder of CryptoQuant, Ki Young Ju, noted that about $ 22.8 billion in BTC has been moved to cold wallets over the past 30 days. This indicates an accumulation trend.

In July, a sleeping wallet transferred 1000 BTC to 2 new wallets. As reported, the user received these bitcoins on September 25, 2012, at an average price of $ 12.06. Earlier, two other bitcoin whales woke up after more than a decade of hibernation. Although such bitcoin transfers are quite common, coins that are more than ten years old are usually considered lost.