Claim BonusBitcoin News: Satoshi-Era Bitcoin (BTC) Addresses Awakens With Massive Gains
Highlights
- Two new Bitcoin addresses with 10.7 years in dormancy just came alive
- The addresses held 500 BTC each with valuation now worth $60.9 million
- Bitcoin has undergone intense evolution with Runes now shaping interest
In a trend that now comes off as the norm, 2 Bitcoin (BTC) whale addresses with over a decade in dormancy has reawaken. The two addresses, marked by the markers “16vRqA” and “1DUJuH” contained the same units of Bitcoin. Per the records, they both went dormant within a 24 hour interval of each other.
From Bitcoin (BTC) Dormancy To Profitability
It is not uncommon to find locked Bitcoin addresses from the Satoshi-era make their re-emergence. The majority of the addresses that have re-introduced themselves into the market have proven to rake in massive profits. This two wallets are no exception with the 500 BTC they contained 10.7 years ago is now worth $30,494,084 each.
This Bitcoin units were worth just about $63,565 in 2013 implying they have now soared by over 47,873%. This huge profit from the HODLing engagement was made possible since the price of Bitcoin jumped from $124 at the time to $61,234.97 today.
2 wallets that have been dormant for 10.7 years transferred all 1,000 $BTC($60.9M) out in the past 20 mins.
Wallet"16vRqA" received 500 $BTC($62K at that time) on Sept 13, 2013, when the price was $124.
Wallet"1DUJuH" received 500 $BTC($62K at that time) on Sept 12, 2013, when… pic.twitter.com/l5ivjrcRt5
— Lookonchain (@lookonchain) May 12, 2024
Bitcoin has undergone a lot of intense evolution from 2013 to date. The digital currency has transitioned from a currency for nerds to one now held by millions of addresses around the world. At a time, Bitcoin served as an asset for a handful of tech savvy individuals around the world. However, at the moment, many now hold Bitcoin either as a standalone asset or in regulated products as an Exchange Traded Fund (ETF).
The major transformation for Bitcoin came earlier this year when the US Securities and Exchange Commission (SEC) greenlight BTC ETF. With the approval, firms like BlackRock, Fidelity Investments and Bitwise now offer a regulated product for anyone to gain exposure to Bitcoin.
Bitcoin, Price Surge and Enhanced Utility
The embrace of Bitcoin has helped the digital currency rebound dramatically. In March, it registered a new All-Time High (ATH) above $73,000. In that same month, several dormant Bitcoin addresses sprang to live as some took advantage of the higher pricing to maximize their holdings.
Besides price action, Bitcoin is also building on its legacy to pivot into supporting smart contracts. This shift to smart contract support pioneered with the emergence of Inscriptions. While this innovation bagged applaud from the community, a more advanced Runes Protocol went live at the last halving event.
Runes got an instant acceptance in the community. However, the community anticipates how it will change the developer landscape on Bitcoin.
Read More: Crypto Market: US CPI & PPI To Set Road Ahead, What To Expect?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Coinbase Directors Faces Insider Trading Lawsuit Despite Internal Clearance of Charges
- Tennessee Advances Bitcoin Reserve Bill as Strategic BTC Adoption Grows in the U.S
- CLARITY Act Set to Progress as Coinbase and Banks Meet on Monday to Resolve Stablecoin Dispute
- CLARITY Act: Coinbase’s Brian Armstrong and JPMorgan’s Jamie Dimon Clash Over Crypto Bill
- Fed Rate Cut: Trump Signals Fed Chair Pick Kevin Warsh Will Lower Rates
- Ethereum Price Prediction As Vitalik Withdraws ETH Worth $44M- Is a Crash to $2k ahead?
- Bitcoin Price Prediction as Trump Names Kevin Warsh as new Fed Reserve Chair
- XRP Price Outlook Ahead of Possible Government Shutdown
- Ethereum and XRP Price Prediction as Odds of Trump Attack on Iran Rise
- Gold and S&P 500 Price Prediction as BTC $88K Sparks Global Risk-On Rally
- How High Can Hyperliquid Price Go in Feb 2026?
