Old Bitcoin Wallet From 2011 Is Active Again, Sends Dozens Of Bitcoins

Bitcoin investors from 2011 began to reactivate their crypto wallets. (Photo; Doc. Block)

JAKARTA - Bitcoin investors from 2011 began moving their assets. This is known from the suddenly active Bitcoin (BTC) wallet this week. The wallet is known to transfer large amounts of Bitcoin after 13 years of hibernation. According to a report from crypto tracker Lookonchain, the address first received 426.3 BTC on July 29, 2011, when the price of BTC was only 13.49 US dollars per coin, with a total value equivalent to 5,753 US dollars (Rp90.9 million).

On Tuesday 12 November, the wallet owner moved 42.3 BTC worth nearly US$3.7 million (Rp58.5 billion) with a price per BTC of US$87,242 (Rp1.37 billion). The owner of the bitcoin wallet recorded an extraordinary profit of 646,616%. However, the wallet still holds 384 BTC which is currently worth nearly US$34.7 million (Rp548.26 billion), according to data from BitInfoCharts.

The phenomenon of the resurgence of the Bitcoin wallet does not only occur at this one address. Another crypto tracker, Whale Alert, identified several old wallets that were also active again.

- The previously inactive Bitcoin wallet address for more than 10 years recently moved 1 BTC, while still holding 24 BTC received since 2014.

- Other wallets moved all 20 BTCs that have been held since 2013.

- Fourth address diverts all 67 BTCs he has held since 2013.

BTC Price Prints New Record Again

Bitcoin prices continued to soar, hitting new peaks at 93,477 US dollars (Rp1.47 billion) on Wednesday. At the time of writing, BTC was trading at 89,831 US dollars (Rp1.42 billion), up nearly 2.5% in the last 24 hours and 19.5% in the past week.