Onchain analysts have discovered a bitcoin address that had been dormant for more than 12 years and was activated on July 4, 2024. It was used to transfer 119 BTC to another cryptocurrency wallet, which in 2012 was estimated at $600.

This asset is now estimated at $6.9 million. Over the past 12 years, the value of bitcoin on the original crypto wallet has increased 11,500 times.

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