On May 11, 2023, a vintage wallet created on June 19, 2011, relocated 139.7 BTC, worth $3.7 million at the time of transfer. This activity was flagged by Btcparser.com and confirmed at block height 789,291 at 8:14 p.m. (UTC). The wallet that received the transfer still holds the funds as of May 12, 2023, at 9:00 a.m. (ET).
Prior to this transfer, the last bitcoin transfer from a dormant wallet occurred on April 24, 2023, involving the shifting of 400 BTC at block height 786,801.
Inactive wallets from 2010 and 2011 have collectively transmitted 1,125.37 BTC, equivalent to around $30 million based on current exchange rates, so far this year.
Analysis
The address responsible for dispatching the 139.7 BTC initially received a smaller sum of 134.669 BTC on June 19, 2011. By July 13 of the same year, it accumulated another batch of coins, followed by several minuscule deposits referred to as “dust transactions” amounting to roughly 0.00000547 BTC each.
According to Blockchair’s privacy-o-meter tool, the recent transaction involving the transfer of 139.7 BTC received a moderate privacy score of 45 out of 100. It faces two issues: its entire balance was communicated to another address and multiple iterations of the same address appeared in inputs. While not severe, these issues can be traced by monitoring applications examining linked transactions.
Furthermore, the corresponding bitcoin cash (BCH) associated with the wallet has not been spent, indicating that the owner may still have control over these funds.
Overall, this transfer highlights the potential value of dormant wallets from the early days of bitcoin. As more of these wallets are activated, it remains to be seen how the market will respond and whether these transfers will have a significant impact on bitcoin prices.
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