A Satoshi-era Bitcoin wallet has sprung back to life after 13 years of inactivity
earlier this Friday after more than 13 years of dormancy, according to data provided by Whale Alert. The address in question contains 59 Bitcoins . The recent activation coincided with a significant Bitcoin price surge. Earlier today, the biggest cryptocurrency by market cap managed to briefly reclaim the $64,000 level for the first time since late August.
However, it is unlikely that the wallet sprang back to life specifically due to price appreciation since there is no clear pattern of such activations. According to Whale Alert, multiple wallets have been activated during this month after more than a decade of dormancy. For instance, a dormant Bitcoin wallet containing 43 BTC emerged from hibernation for the first time in nearly 11 years.
Last week, Whale Alert recorded as many as four such wallets. One of these wallets contained as much as $10.5 million worth ofHowever, this is the first time that a Bitcoin address with more than 13 years of dormancy has been activated during this month. Such ancient wallets that date back all the way to the era of Bitcoin creator, one of them was activated on Aug. 30 with $1.3 million worth of BTC. The other one sprang back to life on Aug. 25 wih $4.1 million worth of BTC.
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