Prominent blockchain tracker Whale Alert has reported that a Bitcoin wallet that's been inactive since 2013 has sprung back to life.

The wallet, though not containing a vast amount of Bitcoin, holds enough to make its owner a millionaire thanks to the significant price increase over the past eleven years.

Satoshi-Era Bitcoin Wallet Reactivated

According to Whale Alert, the anonymous wallet remained dormant for nearly twelve years before being reactivated. It currently holds 26 Bitcoin, valued at $1,663,917 at today's exchange rate.

Back in 2013, this amount of Bitcoin was worth a mere $2,598. This represents a staggering 63,946.1% increase in Bitcoin's value.

Earlier this week, as reported by U.Today, several other dormant Bitcoin whales – those who acquired their holdings during the era of Satoshi Nakamoto, the pseudonymous creator of Bitcoin – moved their funds after a decade of inactivity. Some members of the Bitcoin community even recall interacting with Satoshi on the BitcoinTalk forum during this time.

In many cases, dormant Bitcoin wallets become active again after a decade as their owners manage to locate their lost private keys, granting access to their Bitcoin held in cold storage. However, there's a chance these whales may sell some or all of their Bitcoin upon reactivation.

Bitcoin Holder Count Drops Sharply

Earlier this week, popular on-chain data aggregator Santiment observed a significant decline in the total number of wallets holding at least one Bitcoin.

"Bitcoin's amount of holders have been dropping aggressively," Santiment tweeted, attributing this to the belief among traders that the price of the world's leading cryptocurrency is unlikely to surpass its all-time high of $73,750, reached in March of this year. Since June, the total number of Bitcoin holders (with more than zero BTC) has decreased by 672,510.

Interestingly, Santiment suggests that these mass Bitcoin selloffs could actually increase the likelihood of a sustained Bitcoin rebound.

At the time of writing, Bitcoin is trading at $64,033, reflecting a nearly 2.8% decline since Wednesday.