Dormant Bitcoin Wallets Move 416 BTC After 13 Years as Value Jumps 321-Fold
More than 416 Bitcoin were transferred to a single address from two wallets that had been inactive for about 13 years. The holdings, once worth about $105,400, were valued at $33.82 million at the time of the transfer.On-chain analytics platform Onchain Lens said on October 18 that the two wallets moved a combined 416.6941 BTC to the same address. The transfer was valued at about $33.82 million.One wallet, which had recorded no transactions for 13 years, transferred 167.8402 BTC worth about $13.62 million. The remaining 248.8539 BTC came from a wallet that had been dormant for 12 years and was valued at about $20.20 million.The Bitcoin had been worth a combined $105,400 in the past. That means their value increased about 321-fold by the time of the transfer. The gain amounted to about $33.71 million. As of 10 a.m., Bitcoin was trading at about $81,550 on Binance's Tether market, down 0.04% from a day earlier.