Dormant Bitcoin Address Awakens After a Decade, Moves $17 Million

A wallet inactive for over a decade has transferred 246 BTC, valued at $17 million, to two new addresses. This activity was noted by Whale Alert experts.

? ? ? ? ? ? ? ? ? ? A dormant address containing 1,701 #BTC (115,417,623 USD) has just been activated after 10.1 years (worth 1,060,796 USD in 2014)!https://t.co/qSaOsnUV89

— Whale Alert (@whale_alert) April 6, 2024

The wallet transferred 50 BTC (nearly $3.5 million) to one address and 195.98 BTC ($13.6 million) to another.

Prior to these transactions, the wallet held 1701 BTC valued at $118 million, acquired in 2014 when they were worth $1 million.

In early March, an unknown entity sold 1000 BTC mined in 2010, earning approximately $68 million.

Later, a group of 80 wallets moved 2352.62 BTC valued at over $163 million. They had been inactive for eight years.

In the same month, a nearly 12-year dormant address transferred all its 500 BTC, amounting to nearly $35 million.

Back in January, CryptoQuant analysts noted the movement of 49,866 BTC that had been dormant for over five years. However, the coins were not sent to an exchange.