Large cryptocurrency owner suddenly moves $ 3 million in bitcoin after 14 years of inactivity

A cryptocurrency whale has woken up after years of sleep to transfer millions of dollars in bitcoins to Binance, the world’s largest cryptocurrency platform by trading volume.

According to Lookonchain, the crypto wallet, which had been asleep for 14 years, suddenly woke up and transferred 50 BTC to Binance on June 26. At the time of the transfer, it amounted to about $ 3.05 million. The address is 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm.

The investor received the tokens in July 2010, when the flagship of the cryptocurrency market was trading at less than $ 1. «The user’s wallet woke up after 14 years of inactivity and replenished Binance with 50 BTC ($ 3.05 million) seven hours ago. He earned 50 BTC by mining on July 14, 2010,» the experts explained.

Earlier, another cryptocurrency whale, whose bitcoin wallet had been inactive for 11 years, suddenly transferred 114 BTC worth $ 7.6 million. The investor’s actions raised questions and concerns in the cryptocurrency community. on May 19, 2024, the inactive wallet made its first transaction in more than a decade. The move was detected by blockchain analysts and sparked considerable discussion about the potential implications for the bitcoin market.

In May, another cryptocurrency whale woke up, moving1000 BTC from its wallets for the first time in 10.7 years. According to the Lookonchain analytical platform, the bitcoins were transferred to these addresses on September 12 and 13, 2013. According to the online data, the bitcoins transferred by the whale belong to the so-called «ancient stock». This is how analysts refer to coins purchased at least 7 years ago.