On January 10, a Bitcoin wallet that had been inactive for six years transferred its holdings to a new address, according to Lookonchain analysts.
A wallet that had been dormant for 6 years deposited all 500 $BTC ($46.87M) into #CoinbasePrime 2 hours ago.
— Lookonchain (@lookonchain) January 10, 2025
This wallet received 500 $BTC 6 years ago when the price of $BTC was $7K.https://t.co/D9IbccUqIA pic.twitter.com/jK1AkMrA2c
A total of 500 BTC—worth approximately $46.87 million—arrived at Coinbase Prime.
Six years ago, at the time the deposit was originally credited to the source address, the price of one bitcoin was around $7000.
Context
- In November 2024, a wallet dormant for 14 years moved 2000 BTC (valued at over $180 million at the time) to a new address.
- At the end of December, a wallet belonging to Cosmos Network developers transferred 295.3 BTC (~$27.7 million) raised during an ICO in 2017.
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