After years of abstinence, a 321 Bitcoin wallet awakens from its slumber. The revival is part of a string of startups in recent months.
Anyone who has seen the vision of Bitcoin from the beginning should now have a decent cushion. Consequently, the wallets of cryptocurrencies’ gray past are today’s gold treasures. Now such a treasure has been reactivated after eight years.
More precisely, it is a 2013 Bitcoin wallet with total assets of 321 Bitcoin – current equivalent: almost 16 million US dollars. The digital wallet hadn’t shown any transaction activity in years. But now it emerged from the shadows with a transfer of almost 198 BTC to an unknown wallet. This is displayed by the transaction tracker. Whale alert.
The revival sparks speculation within the Bitcoin community. One user pointed out Twitter several possible scenarios:
All these whale directions that are now being activated. Will Satoshi Nakamoto return? Or are you a patient investor about to activate your wealth? Maybe it’s someone who lost their private keys a long time ago? Everything is possible.
Another user believes that the seed phrase has been exploited. probably. Too many old Bitcoin wallets have recently been put back online for that.
In fact, several old digital wallets have awakened from their slumber in recent months. Just a few days ago reactivated someone an old wallet with a fortune of 225 Bitcoin. Most of the BTC was redistributed to other wallets.
Glassnode: “Illiquid Bitcoin on the Rise”
Also fits Observations from Glass node. The Swiss chain analytics company observed an increase in illiquid BTC relative to the supply of Bitcoin.
This is Bitcoin that is sent to addresses that have barely made any sales in the past. In general, Glassnode interprets this as bullish, as it indicates a build-up on the part of investors.
Meanwhile, the price of digital storage of value is slowly falling back to the $ 50,000 mark. The cryptocurrency gained 1.4 percent overnight, trading at $ 49,383 at press time.