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Bitcoin Address Dormant Since 2011 Awakens, Moves Millions

A wallet that received Bitcoin when the asset traded under $15 has moved its coins for the first time in 15 years.

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A Bitcoin address that accumulated 49.97 BTC in July 2011—when the coin cost roughly $10—reactivated on August 6, 2026 after remaining untouched for more than 14 years. At current prices near $65,000, the position is worth approximately $3.23 million, representing a gain of over 634,000 per cent.

The wallet transferred its balance to a fresh address, which then moved funds to a FalconX-labelled wallet. FalconX is a prime broker serving institutional clients rather than retail traders, suggesting the holder may be consolidating holdings or preparing to move them closer to a sale or lending venue.

Large transfers from dormant wallets occur periodically in Bitcoin, often drawing market attention. Galaxy Research has monitored the movement, and Arkham Intelligence traced the subsequent transfer. The metric used to track such events is "Coin Days Destroyed"—a measure of age accumulated per coin. A single transaction from a 2011-era wallet destroys over 5,400 days per coin, a significant figure that typically signals either an early adopter taking profit or a relocation of coins for security reasons. Previous instances have pointed to both scenarios, with some ancient stashes moving to professional infrastructure rather than exchange accounts.

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