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An old and dormant cryptocurrency wallet containing Bitcoin (CRYPTO: BTC) worth almost $ 28.35 million saw a sudden move.
What happened: The move in the Bitcoin wallet was first noted by Decrypt on Sunday, which reported that the wallet had been dormant for almost nine years, citing data from Blockchain.com.
The wallet received 616,2004 BTC valued at $ 8,195 on December 10, 2012, at a time when BTC was trading around $ 13.30.
Years later on Sunday the owner of the wallet moved the BTC to another wallet.
In addition, the value of the pot has increased by 0.00001 BTC thanks to 21 transactions of very small amounts over 12 years. These stand at 46 cents, according to prevailing BTC rates.
As of going to press, BTC traded down 4.32 over 24 hours to $ 45,980.55.
Why is this important: The owner of the BTC wallet won a huge345,618.42% by remaining invested throughout the years.
See also: Dogecoin Creator Warns ‘Being Your Own Bank’ Has Its Own Set of Risks for Crypto Users
The wallet is an illustration of how early apex cryptocurrency investors who bought BTC for small amounts are whales of today in some cases.
This year alone, the price of BTC has increased 56.86% since January. In comparison, Spot Gold fell 7.90%, while the S & P500 index returned 19.79%.
Last year, a wallet cashed in $ 500,000, which sparked unfounded speculation that it was linked to the pseudonymous creator of Bitcoin. Satoshi Nakamoto. In the case of Sunday, such fears are not justified, according to Decrypt.
Read more : Bitcoin, Ethereum, Dogecoin End Week On A Dull Note As Stablecoin Regulations Take Center Stage In Washington
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