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Bitcoin wallet owner earned more than $ 9.6 million after 11 years of inactivity with cryptocurrency
According to Peckshield Alert, the CZQ5KuLkboQ3tULhZZtj3ovmjT">bitcoin address 1MMXRAo6CZQ5KuLkboQ3tULhZZtj3ovmjT, which has been inactive for 11 years, has made a transaction. Back in September 2012, the anonymous owner of the crypto wallet purchased 412.23 BTC and has not done anything with them since. Interestingly, if two years after purchasing the cryptocurrency, the owner of the bitcoins decided to sell them, he would have earned almost $ 200 thousand. In 2018, his profit would have already exceeded $ 2.7 million. Instead, if an anonymous person sold bitcoins at $ 55,000 in February 2021, they would have received almost $ 23 million — and that’s with an initial investment of $ 5,000.
#PeckShieldAlert A dormant $BTC address 1MMXRA (which has been inactive for 11 years) has transferred ~412 BTC (~$ 9.6M) out (Credit to @BlockBeatsAsia)https://t.co/ZJh4yeMD49 pic.twitter.com/uasdbBekek
— PeckShieldAlert (@PeckShieldAlert) February 8, 2023
on February 8, 2023, 412.12 BTC were withdrawn from the crypto wallet in one transaction, leaving the address with 0.11 BTC or $ 2,496 (at the rate of February 9).
This is not the first major bitcoin transaction in 2023. In early January, a bitcoin wallet that had not been active for almost four years suddenly transferred about $ 250 million in cryptocurrency to another unknown BTC address. The wallet to which the funds were transferred now contains $ 430 million.
When bitcoin hit its all-time high (on November 9, 2021, BTC was worth $ 68,530), the anonymous crypto whale’s wallet contained more than one billion dollars. And last year, during the global problems in the industry, a large BTC holder suffered considerable losses. Therefore, at the time of the transaction, the investor’s account had $ 250 million left.
We would like to add that at the time of writing, bitcoin is trading at $ 22,700, which is 2.2% lower than the previous day. The asset’s market capitalization exceeds $ 438 billion.