In a stunning flip of occasions, dormant Bitcoin wallets from the Satoshi period have reawakened, sparking curiosity in the marketplace.
Throughout the final 24 hours, blockchain information tracker Whale Alert reported six transactions of dormant addresses containing 10,000 BTC every, reactivated after greater than 14 years of dormancy.
In the latest hour, Whale Alert reported 4 transactions of 10,000 BTC every, activated after 14.2 years. The opposite two transactions reported within the final 11 hours had 10,000 BTC every as effectively, activated after 14.3 years.
Fairly odd: Coinbase exec weighs in
Coinbase director Connor Grogan supplied insights into the high-value motion, suggesting that the BTC in query had come from a single miner courting again to 2011. Connor reacted to one of many transactions, which noticed a whopping $1 billion BTC reactivated.
The BTC that’s on the transfer at this time seems to be from a single miner from 2011
Right here is the transaction the place they consolidated 180 mined reward blocks just a few hops again. That they had an handle with 200k BTC in it at one level in 2011 (could be $22B at this time) which is a prime 5 pockets ever https://t.co/m34YohdQWC pic.twitter.com/4zgCD6czqD
— Conor (@jconorgrogan) July 4, 2025
This miner, in response to Grogan, as soon as managed a pockets that held a whopping 200,000 BTC, which at at this time’s costs could be value $22 billion, putting it among the many prime 5 Bitcoin wallets ever recorded.
Grogan added, “If I needed to guess about 50%, that is an unmarked change chilly pockets, given among the conduct of associated wallets and the historical past of issues like this, nevertheless it’s fairly odd.”
On-chain information shares one other perspective
On-chain analytics platform Lookonchain attributes the latest motion to a Bitcoin OG who owns not less than 80,009 BTC (value $8.69 billion) and controls about eight wallets, two of which obtained 20,000 BTC ($15,600 on the time, $2.18 billion at this time) on April 2, 2011, when the worth of BTC was $0.78. On Could 4, 2011, the opposite six wallets obtained 60,009 BTC ($202,000 on the time, now $6.52 billion) at $3.37.
Six wallets have transferred out 60,000 BTC after being dormant for greater than 14 years, with the opposite two remaining dormant.
