Bitcoin returns 120,000,000% in value this week

A BTCUSD address that had been dormant for more than a decade suddenly sprung back to life on Wednesday.

What happened to Address 1 MMXRA on October 1, 2012, held 412.12 BTC which, when combined, was worth only $8 at the time. The BTC was accumulated through four separate transactions.

The address decided to empty its wallet at $23,000 a piece. This move represents $9.6 million in value, a whopping return of 120,000, 000%, according to today's prices.

See more: Top Indian Apps that give NFT Rewards and Bitcoins.

A large Bitcoins whale moved 13,369 BTC worth $311 million from an unknown wallet to another last week. According to BitInfoCharts, the transaction was traced to one of the top 65Bitcoin wallets. The wallet was used for sending and receiving funds.

Price Action: BTC was trading at $22,920, down 1.70% in the last 24 hours, according to Benzinga Pro.

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