Long-Dormant Bitcoin Wallets Awaken, Moving 80,000 BTC
On July 4, 2025, two Bitcoin wallets that had been inactive for over 14 years suddenly sprang to life. These wallets, dating back to 2011, transferred 20,000 BTC each, totaling 40,000 BTC worth about $4.35 billion.
Lookonchain reported that these wallets were part of a larger group of eight, controlled by an early Bitcoin adopter. The first two wallets received bitcoin in April 2011 when the price was around $0.78. The remaining six started holding in May 2011, when BTC traded at about $3.37. The original value of the first two wallets was roughly $15,600, now valued at over $2.18 billion. The other six wallets have seen their combined holdings grow from $202,000 to more than $6.5 billion.
These transactions began late Thursday night and continued into Friday. According to on-chain data, all eight wallets reactivated and transferred out 80,009 BTC, now worth about $8.69 billion. this movement marks the largest single-day transfer for coins over a decade old, as reported by CryptoQuant.
Instead of sending the coins to exchanges, the transfers went to unknown addresses.This suggests a potential reallocation or planning for a sale. The move comes as Bitcoin looks to reach new highs.
Following the transfer, BitcoinS price fell from $110k to $107,600 in 24 hours, with a 1.3% dip affecting the rest of the crypto market.
The movement of these Satoshi-era Bitcoin highlights the significant value held by early adopters.It also underscores the volatility and potential of the cryptocurrency market.
