22.06.2025 23:46

An 11.6-year-dormant Bitcoin wallet recently sprang back to life, transferring 300 BTC, valued at approximately $29.83 million at the time of the transaction. This significant movement, observed around 3:01 AM Beijing time on June 23rd, was reported by various internet sources citing Whale Alert data.

The wallet's reactivation after more than a decade of inactivity highlights the enduring allure and volatility of the Bitcoin market. This substantial transaction, representing 300 Bitcoins, provides compelling evidence of the cryptocurrency's long-term growth potential. Experts are analyzing this event to gain deeper insights into the behavior of long-term holders and potential market impacts.

Initially acquired in 2013, these 300 Bitcoins were worth approximately $60,902. The dramatic increase in value over the past decade underscores the impressive appreciation Bitcoin has experienced, showcasing its potential for significant returns while simultaneously reminding investors of the inherent risks associated with this highly volatile asset class. The reactivation of such a long-dormant wallet serves as a stark reminder of Bitcoin's enduring appeal to long-term investors.