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A long-inactive bitcoin wallet has suddenly sprung into action, moving its entire stash of 500 bitcoins, valued at just under $35 million, to several new addresses. This wallet, which had not seen any activity for close to 12 years, was originally filled with 500 bitcoins on July 14, 2012. At that time, the total value was less than $4000, reflecting a bitcoin price of less than $8, as highlighted by blockchain analysis platform Lookonchain.
The mysterious owner or owners behind this significant bitcoin transfer have not been identified, and the motivations behind their recent financial maneuvers remain a matter of speculation. The event has caught the attention of the crypto community, stirring intrigue and speculation about the reasons for reactivating the wallet after such a lengthy period of dormancy.
