According to data provided by the “Whale Alert” Twitter account, a Bitcoin wallet containing 407 BTC ($15.5 million at press time) was activated for the first time since 2013.

Idle address contains 407 #BTC ($15,460,523) just activated after 8.3 years ($355,254 in 2013)!

– whale alert (whale_alert) March 7, 2022

The value of the cryptocurrencies at the beginning (ie in the year 2013) was estimated at $355,254, which means that it increased by approximately 4266% to reach its value of more than $15 million.

Bitcoin is currently trading at $38,100 on the major exchanges.

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This wallet likely came out of sleep after its owner finally managed to open it.

One should also not rule out that someone has such a high level of conviction and belief in Bitcoin and what it has become.

Over the past few months, several similar Bitcoin wallets have appeared after years of inactivity.

Headlines dating back to 2011 usually attract the most public attention as they are likely related to Bitcoin founder Satoshi Nakamoto.

In the same vein, an Ethereum wallet woke up in late February that was dormant, containing more than $5 million worth of Ethereum.

The effect of passive wallets is great if they hold a large number of cryptocurrencies or when they are associated with the founder of the project.

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