Bitcoin Whales Move $61M in BTC After Decade of Dormancy

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Two dormant Bitcoin wallets, containing a total of 1,000 BTC acquired over a decade ago when BTC was $134 each, have recently become active. A wallet called “16vRq…qjzEa” moved 500 bitcoins on May 12, followed by “DUJuH…NgfC5″ with another 500BTC, now worth $61 million in total. These wallets received their BTC in 2013 and have witnessed a 456-fold value increase. Analysts speculate on the reasons behind the movements, as similar dormant wallets have been awakening recently. They comprised 8.5% of all Bitcoin addresses.