According to PANews, a dormant Bitcoin address containing 687 Bitcoins has been activated after remaining inactive for 10.3 years. The Bitcoins held in this address are currently valued at approximately 43.89 million US dollars.
The activation of such a long-dormant Bitcoin address is a rare occurrence in the cryptocurrency world. The Bitcoins in this address have remained untouched for over a decade, indicating that the owner had not moved or used them in any transactions during this period.
The current value of these Bitcoins underscores the significant appreciation in the value of the cryptocurrency over the past decade. The activation of this address could potentially impact the Bitcoin market, depending on how the owner decides to use these Bitcoins. However, the specific implications of this event are yet to be determined.