Dormant Bitcoin Address Activated After Almost 10 Years, Stash Skyrockets 7,594%

Blockchain data tracker Whale Alert reports that a wallet containing 25 BTC has just been activated after 10.6 years.

A Bitcoin (CRYPTO: BTC) wallet that was last active in 2013 has just been reactivated, according to Whale Alert.

The wallet contains 25 BTC, which were valued at $20,399 in 2013. At today's prices, the stash is now worth an impressive $1,569,552, a gain of 7,594%.

This marks several dormant Bitcoin wallets that have been reactivated in recent weeks.

In the last 24 hours alone, a wallet containing 1,000 BTC that had been dormant for 11.8 years was reactivated.

The BTC in this particular wallet was valued at $11,908 in 2012, which has skyrocketed to a staggering $59,989,823.

Another Bitcoin wallet that contained 25 BTC and had also held this stash for 10.6 years was reactivated on July 13.

The wallet activation comes as Bitcoin is seeing bullish momentum, rising to intraday highs of $63,393 after surging for three consecutive days.

This suggests that the wallet activation might be a strategic move to capitalize on the market's current bullish momentum.

Perhaps the owner had to wait for the Bitcoin price to appreciate, hodling it for a significant number of years. Another scenario might be a long-lost wallet whose keys had just been rediscovered. However, the exact motive in this particular context remains unknown.

At the time of writing, BTC is up 5.39% in the last 24 hours to $63,000.