Two long-dormant Bitcoin whales came to life this week, moving $11 million worth of BTC after sitting on the top crypto asset for more than a decade.
The crypto tracker Whale Alert notes the first address moved 174 BTC worth $10.16 million to another unknown wallet early Friday morning.
The whale had not touched the Bitcoin since he received it in January 2014, when the same treasure was worth $142,600. The value of whale assets has grown by more than 7,000% in ten years.
The long-dormant address has received trace amounts of Bitcoin a few times over the past decade, although these transactions appear to be the result of dusting attacks.
Dusting attacks involve hackers and scammers sending minuscule amounts of cryptocurrency (dust) to a large number of personal wallets in an attempt to breach the privacy of wallet holders.
The scammers then attempt to track the transactional activity of targeted wallets to identify the people or companies behind them.
Whale warning too notes that a separate address moved 18.67 BTC worth $1.09 million to Coinbase on Friday. The wallet had not recorded any transactions since receiving Bitcoin in April 2014, when the same amount was worth $9,204.
BTC is trading at $59,244 at the time of writing and is up over 3% in the last 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney