PANews, September 22: According to Lookonchain monitoring, a Bitcoin wallet that had been dormant for over 14 years has just transferred all 600 BTC (valued at $51.28 million). The wallet originally received these 600 BTC 14 years ago, when they were worth only $4,800 and Bitcoin was trading at $8. Today, the assets held in this wallet have generated $51.28 million in unrealized profits, representing a return of 10,683 times.
14-Year-Dormant Wallet Moves 600 BTC Worth $51.28M, Yielding 10,683x Return
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Summary
A Bitcoin wallet inactive for over 14 years has moved 600 BTC, worth $51.28 million. The funds were originally deposited when BTC was priced at $8, giving them an initial value of $4,800. The transfer represents a 10,683x return. Bitcoin’s market dominance remains stable despite the significant on-chain activity.
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