A wallet inactive for over 13 years has transferred 42.3 BTC, valued at $3.67 million, to a new address. Analysts at Lookonchain noted this activity.
A #Bitcoin wallet with 426.3 $BTC($36.62M) transferred 42.3 $BTC($3.67M) out after 13 years of dormancy.
This wallet received 426.3 $BTC($5,753) on July 29, 2011, when the price of $BTC was $13.49.https://t.co/utmuUHB8QQ pic.twitter.com/HCS5Fhe50j
— Lookonchain (@lookonchain) November 12, 2024
The wallet held a total of 426.3 BTC, amounting to $36.62 million. It received its first cryptocurrency in July 2011, when Bitcoin was trading at $13.49.
Thus, the assets acquired for $5753 have increased approximately 6365 times over 13 years.
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 worth 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, valued at nearly $35 million.
In January, analysts at CryptoQuant noted the movement of 49,866 BTC that had been dormant for over five years. However, the coins were not sent to an exchange.
In June, a miner from the Satoshi Nakamoto era transferred 50 BTC mined 14 years ago to Binance.