Dormant Wallets Move 250 Bitcoin After 15 Years, Turning $0.23 into $15.9M
The post Dormant Wallets Move 250 Bitcoin After 15 Years, Turning $0.23 into $15.9M appeared on BitcoinEthereumNews.com.
With the broader crypto market showing signs of rebound, movements from long-inactive Bitcoin wallets have started to draw interest and scrutiny. Recently, miner wallets inactive for over 15.5 years have recorded movement, indicating potential profit-taking from early Bitcoin adopters. Notably, five such wallets transferred a total of 250 BTC, valued at approximately $15.9 million. These wallets originally received 50 BTC each as mining rewards per block back in 2009, with the value of each wallet fluctuating between $3,184,108 and $3,191,361 at the time Lookonchain’s report due to market price changes. Please note that many miner wallets dormant for more than 15.5 years are transferring $BTC! 5 miner wallets have transferred 250 $BTC($15.9M) in the past hour. These wallets received 50 $BTC($3.18M) as mining rewards per block back in 2009. Address:… pic.twitter.com/HktJivt7Qy — Lookonchain (@lookonchain) September 20, 2024 Recall in 2009, when the wallets were last active, Bitcoin was worth just $0.0009. Hence, at the time, the 250 BTC were priced at $0.225. Details of the Transfers Specifically, at 07:13 UTC, a wallet containing 50 BTC transferred its entire balance, worth $3,182,908. This transaction closely followed another movement at 07:04 UTC, where a 15.6-year-old wallet shifted its BTC, valued at $3,186,687. Similar transactions were recorded earlier, including one at 06:54 UTC which moved BTC worth $3,191,361, and another at 06:49 UTC, with BTC valued at $3,186,732. The earliest recorded movement in this series occurred at 06:30 UTC, involving a wallet dormant for 15.7 years, which holds BTC worth $3,184,108. Further Miner Wallet Activations Another similar event highlighted by Lookonchain on August 7 involved the transfer of 250 BTC into five new addresses. The transaction, originating from a wallet that accumulated 250 BTC through mining in 2010, saw its entire $13.95 million balance distributed across five different addresses. The receiving addresses were…
Filed under: News - @ September 20, 2024 9:27 am