The post Silk Road Bitcoin Wallets Reawaken With Multimillion Move appeared on BitcoinEthereumNews.com.

After more than 10 years of inactivity, a cluster of long-silent crypto addresses tied to Silk Road Bitcoin holdings unexpectedly stirred on Tuesday, drawing fresh attention from analysts. Hundreds of dormant crypto wallets linked to the defunct Silk Road marketplace became active in a coordinated move, sending $3.14 million worth of Bitcoin to a single, unidentified address. However, the on-chain origin and intent behind the activity remain unknown. Arkham Intelligence data indicates that around 312 wallets associated with Silk Road collectively transferred the funds to the bech32 address “bc1q…ga54” on Tuesday. Moreover, these addresses had not recorded any outgoing transactions for more than a decade prior to this event. Remaining Silk Road Bitcoin holdings and on-chain puzzle Despite the fresh activity, the Silk Road Bitcoin wallets still control a substantial balance. As of today, they hold roughly $41.3 million in BTC, according to Arkham. That said, there is still no public explanation for why the funds were partially mobilized now. The reason these silk road bitcoin addresses suddenly reactivated has not been clarified by any known stakeholders. However, the pattern of movements and the consolidation into a single destination have fueled speculation among on-chain researchers and former marketplace observers. In January, Coinbase Director Conor Grogan wrote on X that he had identified roughly $47 million worth of BTC in wallets tied to Ross Ulbricht, the creator of Silk Road. He based that assessment on publicly visible on-chain activity. Community reaction and prior warnings On Tuesday, Grogan resurfaced his January post in a reply to Plasma Foundation‘s pseudonymous operator “0xG00gly,” who had flagged the latest Silk Road-related darknet marketplace transfers. Moreover, Grogan’s renewed attention underscored how closely analysts track these historic addresses. Observers note that past movements from legacy wallets have sometimes preceded law enforcement actions or large exchange liquidations. However, there…

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Filed under: News - @ December 10, 2025 9:43 am