Wallet inactive for 10 years transfers $37,8 million worth of bitcoins

The transaction fee was less than $30

08.06.2023 - 09:15

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3 min

What’s new? On June 8, a large holder of the first cryptocurrency transferred all of its funds of 1432 BTC ($37,8 million) to another address, paying only 0,0010743 BTC ($28,38) as a fee. The bitcoin wallet has been inactive for 10 years, with the last transaction recorded in April 2013. At that time, the user received BTC at $195,4 per coin, blockchain analysts at Lookonchain reported.

A BTC whale that has been dormant for 10.2 years transferred all 1,432.93 $BTC($37.8M) to a new address"bc1psv" 5 mins ago. The whale received 1,432.92 $BTC on Apr 9, 2013, when the price was $195.4.https://t.co/17R0UqEBKC pic.twitter.com/e0LkSfn5t3— Lookonchain (@lookonchain) June 8, 2023

Large transfers on the Bitcoin network. On April 24, an unknown wallet with 1000 BTC in its account made a transaction for 400 BTC, which was about $11 million at the time of the transfer. The address has been inactive for nearly 12 years, since May 9, 2011, when a user bought 1000 bitcoins for $9000. During the time of “being dormant,” the wallet’s balance grew by about 3044 times to $27,4 million.

Wallet inactive for 8 years transfers $15,24 million worth of ETH

The transaction fee was only $1,13

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On April 21, a large holder of the first cryptocurrency transferred 279 BTC (~$7,8 million) from his wallet to three new addresses. The wallet has been inactive for 10 years. And on April 20, analysts recorded a transfer of 2071,5 BTC (about $60,7 million) from a wallet that has been inactive for 9 years.

As of June 8, 08:40 UTC, btc to usdt is trading at $26 427 on the Binance exchange, having lost 1,52% per day and 1,51% per week, according to aggregator CoinGecko.

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