Wallet inactive for 10 years transfers $37,8 million worth of bitcoins
The transaction fee was less than $30
08.06.2023 - 09:15
317
3 min
0
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
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.
Useful material?
Telegram 
Twitter Crypto regulations
In turn, the European Commission said that the bank misinterpreted the norms of the law, and in its current form it is already capable of protecting the bloc’s economy
Apr 23, 2025
Market
The product will allow professional investors to track the price of the altcoin without having to hold it directly
Apr 18, 2025
Market
Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem
Apr 17, 2025
Technologies
The company predicts that devices powerful enough to crack a 256-bit key could be available in the next 10 years
Apr 17, 2025
Mining
The collaboration aims to increase decentralization of the blockchain
Apr 15, 2025
Market
The feature will later be available to customers in Europe and Australia
Apr 15, 2025
Cryptocurrency rates
-
Bitcoin
$92 556
BTC
-1.21%
-
Ethereum
$1 750.68
ETH
-3.41%
-
Ripple
$2.16
XRP
-4.94%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.17321
DOGE
-5.44%
-
Cardano
$0.686709
ADA
-2.58%
-
Stellar XLM
$0.265046
XLM
-2.51%
-
Bitcoin Cash
$345.76
BCH
-3.85%
-
Litecoin
$81.49
LTC
-3.44%
-
Polkadot
$3.99
DOT
-3.36%