{"id":13255,"date":"2024-05-06T13:53:00","date_gmt":"2024-05-06T10:53:00","guid":{"rendered":"https:\/\/forklog.com\/en\/dormant-bitcoin-wallet-awakens-after-a-decade-moves-687-33-btc\/"},"modified":"2024-05-06T13:53:00","modified_gmt":"2024-05-06T10:53:00","slug":"dormant-bitcoin-wallet-awakens-after-a-decade-moves-687-33-btc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dormant-bitcoin-wallet-awakens-after-a-decade-moves-687-33-btc\/","title":{"rendered":"Dormant Bitcoin Wallet Awakens After a Decade, Moves 687.33 BTC"},"content":{"rendered":"<p>On May 6, an unknown whale moved 687.33 BTC ($43.94 million at the time of the transaction) after a decade and three months of inactivity. Analysts at Lookonchain noted the event.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A wallet that has been dormant for 10.3 years transferred all 687.33 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($43.94M) out 10 mins ago.<\/p>\n<p>The whale received 687.33 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($630K at that time) on Jan 12, 2014, when the price was $917.<\/p>\n<p>Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G <a href=\"https:\/\/t.co\/tEPqM0CrrK\">pic.twitter.com\/tEPqM0CrrK<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1787338123154006161?ref_src=twsrc%5Etfw\">May 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The assets were <a href=\"https:\/\/www.blockchain.com\/explorer\/transactions\/btc\/605c67609ba71c3e707fc73af52a94a982cbd039315ea7beb85e99de59be7402\">transferred<\/a> to two new addresses in amounts of 625.43 BTC and 61.9 BTC.<\/p>\n<p>At the time of receiving these coins on January 12, 2014, their value was $630,000.\u00a0<\/p>\n<p>According to an April <a href=\"https:\/\/finance.yahoo.com\/news\/old-bitcoin-wallets-keep-waking-131642155.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&#038;guce_referrer_sig=AQAAAGBVc1KoJvujzsFZp-s_GK71IvBRm8BNp6DkzXS-0h91Ou41RnqU30hR3GV3g5c3tKxEvyl0Q9NsHLF20-sg12jgReB9qw1Dt8roGLG5MoF7PQoZeByqRLQK224CE4oxSsUH5SodR4if393SvukYDLjEsFOsInLKlLzO3HA8HAw7&#038;guccounter=2\">report<\/a> by Chainalysis and Fortune, 1.75 million Bitcoin wallets have been inactive for over 10 years. They hold 1,798,681 BTC (~$121 billion at the time of the report), accounting for 8.5% of the total supply. <\/p>\n<p>This count does not include approximately 30,000 addresses associated with the creator of the first cryptocurrency, Satoshi Nakamoto.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/GZsA453Xpe7rEK1ukkQrPPDhUZDr2wsDhsx8JHwWhPn_8fCuf-_qlmjYKg1mn2bWkwoFUb3glVIlHBCjLbUI-R47Uf5hIsRXys9Z2Gz8RxriBzTVTPIbZkqPt3dYxVAkgaIy4B9lC5jY3_SHDQV71cg\" alt=\"Dormant Bitcoin Wallet Moves 687.33 BTC\"\/><figcaption class=\"wp-element-caption\">Data: Chainalysis.<\/figcaption><\/figure>\n<p>In late March, a wallet dormant for nearly 12 years <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-address-awakens-after-12-years-moves-35-million\">moved all its 500 BTC<\/a>, worth nearly $35 million, to several new addresses.\u00a0<\/p>\n<p>In April, <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-address-awakens-after-a-decade-moves-17-million\">246 BTC valued at $17 million<\/a> were moved from a 10-year dormant wallet, and another <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-miner-moves-3-3-million-in-bitcoin-after-nearly-14-years\">50 BTC (~$3.3 million)<\/a> began moving after nearly 14 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 6, an unknown whale moved 687.33 BTC ($43.94 million at the time of the transaction) after a decade and three months of inactivity. Analysts at Lookonchain noted the event. A wallet that has been dormant for 10.3 years transferred all 687.33 $BTC($43.94M) out 10 mins ago. The whale received 687.33 $BTC($630K at that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227,1156],"class_list":["post-13255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"63","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13255"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13254"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}