{"id":28441,"date":"2024-03-30T11:50:01","date_gmt":"2024-03-30T11:50:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-wallet-dormant-for-12-years-suddenly-moves-500-btc\/"},"modified":"2024-03-30T11:50:01","modified_gmt":"2024-03-30T11:50:01","slug":"bitcoin-wallet-dormant-for-12-years-suddenly-moves-500-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-wallet-dormant-for-12-years-suddenly-moves-500-btc\/","title":{"rendered":"Bitcoin wallet dormant for 12 years suddenly moves 500 BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-wallet-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-wallet-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-wallet-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-wallet-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">According to on-chain data, a Satoshi era wallet has suddenly moved 500 BTC.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The Bitcoin wallet last transacted when the BTC price hovered near $8.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">On-chain data shows a Bitcoin wallet that last transacted nearly 12 years ago has suddenly moved all 500 BTC it held.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data Lookonchain <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1773898107560001805\" target=\"_blank\" rel=\"noopener\">shared<\/a> on March 30, the said wallet had been inactive since July 2012. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The last transaction that sent the 500 BTC to the wallet was at a time when <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin price<\/a> was a mere $8, Lookonchain noted.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A wallet that had been dormant for 11.7 years transferred all 500 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($34.78M) to multiple new wallets.<\/p>\n<p>This wallet received 500 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($3,786 at the time) on Jul 14, 2012, when the price of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> was only $7.57.<\/p>\n<p>Address: <br \/>1LUDXsAT6fQypinRbqVKatMiAbv6o9HjBc <a href=\"https:\/\/t.co\/zP3A3GlQHT\">pic.twitter.com\/zP3A3GlQHT<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1773898107560001805?ref_src=twsrc%5Etfw\">March 30, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">While the <a href=\"https:\/\/coinjournal.net\/wallets\/\">wallet<\/a> owner\u2019s identity is unknown, the transfer to new addresses comes as Bitcoin price hovers around $70k. The benchmark cryptocurrency reached a new all-time high this month when it raced above $73k.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At current prices, the transferred coins are worth about $35 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In April last year, another Satoshi-ear wallet <a href=\"https:\/\/coinjournal.net\/news\/dormant-bitcoin-wallet-with-31-million-btc-activates-after-10-years\/\">woke up after a decade of dormancy<\/a>. The wallet, held 1,128 BTC and had last been active in 2012, transferred 279 BTC. The last transaction from this wallet had been when Bitcoin price was around $12.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-wallet-dormant-for-12-years-suddenly-moves-500-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) According to on-chain data, a Satoshi era wallet has suddenly moved 500 BTC. The Bitcoin wallet last transacted when the BTC price hovered near $8. On-chain data shows a Bitcoin wallet that last transacted nearly 12 years ago has suddenly [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28441"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28441"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28442"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}