A Bitcoin wallet that had been dormant since 2011 with holdings worth $7,792 has suddenly reawakened, now containing a value of around $1 billion.
Speculation abounds in the crypto community due to the size of the transfer and the historical context, as Bitcoin was still in its early stages in 2011, priced at under $1 per coin then.
The wallet's revival coincides with Bitcoin's current trading price of $108,831.54, with a market cap exceeding $2.16 trillion and a daily trading volume nearing $47.6 billion.
The origin of the wallet is unclear, but its age suggests ties to early miners or investors, raising concerns about potential market impacts if large volumes are sold.