Bitcoin wallets untouched for 10 years moved $40 million
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Bitcoin wallets untouched since the cryptocurrency traded for a few dollars keep waking up.
Key facts
Six wallets last active between 2011 and 2014 moved a combined 553.59 BTC worth about $40 million between Aug. 16 and Aug. 26, according to data tracked by Galaxy Research
Bitcoin wallets untouched since the cryptocurrency traded for a few dollars keep waking up
Moves like these often revive fears that bitcoin's earliest holders are finally cashing out
Summary
Six bitcoin wallets last active between 2011 and 2014 moved 553.59 BTC, worth about $40 million, from Aug. 16 through Aug. 26. Dormant bitcoin activity fell in the second quarter to its lowest level since 2022, and wallet movements do not necessarily indicate sales. Five wallets sent coins to addresses without known exchange links, while one transferred 40 BTC to the German custody and trading provider Boerse Stuttgart Digital.