Dormant Bitcoin Miner Wallet Resurfaces After 14 Years, Transfers 50 BTC to Binance

According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged.The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 BTC worth roughly $3.05 million to the cryptocurrency exchange Binance.Lookonchain noted that the wallet address, which had been inactive since July 14, 2010, received its 50 BTC as a mining reward on the same date and has held the cryptocurrencies since then.

BTC mined in 2010 are among the earliest and most coveted in the cryptocurrency world. The sudden activation of such coins can signal various market sentiments, including renewed interest from early adopters.

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