Cryptocurrency wallet, whose profits grew 3044 times, suddenly made a transaction after 12 years of inactivity

According to the Whale Alert analytical service, on April 24, the bitcoin address 1Mjundq2zvjzRKy6VbTfPKsAZhVZe4dLtY, which had been inactive for 12 years, suddenly made a transaction.

The cryptocurrency owner transferred 400 BTC to the address 3BJbU4j6NB2dARdW26ARfSzLz1rJN41f36, making 4 transactions of 100 BTC each. During the hibernation, the wallet’s balance increased approximately 3044 times to $ 27.4 million.

💤 💤 💤 A dormant address containing 1,000 #BTC (27,456,958 USD) has just been activated after 12.0 years!https://t.co/lHrgCNWpbY

— Whale Alert (@whale_alert) April 24, 2023

The wallet’s history shows that on May 9, 2011, an unknown investor purchased 1000 BTC for only $ 9000 and has not made any transactions with digital assets since then. The sudden activation of the wallet intrigued members of the cryptocurrency community, who began trying to establish the identity of the wallet owner and the reason for the activation. However, the name of the investor and the purpose of the transfers remain unknown.

Last week, Whale Alert analysts reported that the bitcoin address 1JdTWTAubsDWXWd7wcsFwMuSapMBh6efrQ, which had been inactive for 9 years, suddenly came out of hibernation. The wallet’s owner made a number of small transactions and one large-scale transaction of 6071 BTC. However, 3999 BTC immediately returned to the whale’s wallet. The investor distributed the remaining bitcoins among other addresses.