Bitcoin
Four Dormant Bitcoin Wallets Move 202 BTC After Years of Inactivity
Blockchain tracking recorded the transfer of over $15 million in Bitcoin from wallets inactive since 2011 and 2013, with some funds sent to exchanges.
Four dormant Bitcoin addresses moved a combined 202.84 BTC, valued at approximately $15.73 million, between August 29 and September 4, according to data from Galaxy Research.
The largest movement came from a wallet holding 146.06 BTC, worth roughly $11.31 million, which had remained inactive since 2013. Another transaction involved a 2011-era address containing 40 BTC, representing an appreciation of more than 2.5 million percent from its initial value of $120 to around $3 million.
Galaxy Research noted that a 6.78 BTC transfer was sent to Coinbase, an action that typically indicates an intention to sell. The activity follows a broader pattern observed over the summer, during which dormant wallets moved approximately $40 million within a ten-day span.
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