A Second 2011 Bitcoin Wallet Moves $10M This Week—Could the Transfers Be Linked?
On Wednesday, as bitcoin soared to an intraday peak of $68,388 per coin, a wallet from 2011 suddenly sprang to life after lying dormant for over 13 years, spending 150 BTC, valued at $10.17 million. This latest awakening follows the movement of 100 BTC from a similar 2011 address just two days earlier.
Bitcoin Wallet From 2011 Sends $10M in BTC After 13-Year Slumber
Seeing wallets from 2011 reawaken is a rare spectacle, but October has already brought two such events. While old bitcoin rarely moves, rising prices seem to coax these long-hidden coins back into circulation. On Oct. 16, at block height 865,917, a wallet created on June 27, 2011, transferred 150 BTC—worth $10.17 million based on current exchange rates. At the time of the wallet’s creation, each BTC was valued at $16.45, making the original worth of those 150 BTC just $2,467.50.
Fast forward to today, and if the coins were sold, the owner would enjoy a staggering gain of 412,462.97%. When the funds were transferred, they came from a legacy P2PKH (Pay to Public Key Hash) wallet. Of the 150 BTC, 99.99 was sent to another P2PKH wallet, while 50 BTC were transferred to a P2SH (Pay to Script Hash) address. Using Blockchair’s privacy tool, the matched addresses revealed that one of the outputs had a round value.
However, the privacy rating for the transfer was a dismal zero out of 100, according to Blockchair’s tool. As of 5 p.m. EDT on Wednesday, the bitcoin remains in the P2PKH and P2SH output wallets. Interestingly, the structure of this 150 BTC transfer mirrors a similar one from two days prior, where 100 BTC was moved from another 2011 wallet. That transaction also scored zero for privacy due to similar errors.
While the previous 2011 transaction tied for the largest dormant bitcoin move with another transfer of 100 BTC from a 2014 wallet, this new 150 BTC transfer now holds the title for the largest from a pre-2017 wallet.
You may also like
How Traders Keep Profits When PEPE WLD and FET Start Moving Fast Again
Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices
Visa and Stripe are both working on stablecoins, but their focus is not on payments
It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere
Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?
Insiders betting on Musk are reaping "historic returns."
Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold
Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again
SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era
Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech
Agentic Design Patterns: A book that made me rethink "What exactly is an Agent?"
The richest chairman of the Federal Reserve in 112 years has arrived: Kevin Warsh is rewriting the rules
Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship
New Types of Information Laundering in Prediction Markets: How Secrets Integrate into Investment Signals
Vitalik emphasized in a post that Ethereum must be "amazing," but the foundation is not the center
DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
WEEX Bitcoin Pizza Day: Zero Fees, BTC Cashback & 150,000 USDT to Honor Crypto History
a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets
How Traders Keep Profits When PEPE WLD and FET Start Moving Fast Again
Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices
Visa and Stripe are both working on stablecoins, but their focus is not on payments
It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere
Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?
Insiders betting on Musk are reaping "historic returns."
