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Home›Crypto›Market Structure›Dormant Bitcoin wallets move $40M in BTC over one week

Dormant Bitcoin wallets move $40M in BTC over one week

Six wallets that were inactive for more than a decade reactivated between Aug. 16 and Aug. 26, transferring tens of millions of dollars worth of BTC.

Reported · Written up by our desk · Market Structure

Decrypt reports that multiple long-dormant Bitcoin wallets moved coins after staying inactive through Bitcoin's major boom cycle.

According to the outlet, six wallets that had slept for over a decade woke up between Aug. 16 and Aug. 26, and collectively moved tens of millions of dollars in BTC.

The activity amounts to roughly $40M in value moved over a one-week span, as tracked by the transfers during the August window.

The report frames the transactions as a sharp example of older Bitcoin holdings reentering circulation after a long period of dormancy.

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Sources

DecryptBitcoin Wallets Dormant for Over a Decade Move $40M in One Week

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