In August 2014, seven years after an address transferred 2720 BTC, yesterday, there was the first BTC outflow. Although the amount was symbolic such as 0.00048 BTC worth $22, this move that came years later was remarkable.
— Whale Alert (@whale_alert) September 10, 2021
The fact that this wallet has been dormant for seven years and has acted as of yesterday has led to many scenarios regarding the underlying causes. One of these possibilities is that the wallet owner found the lost passwords years later. It’s also possible that it’s just someone who has been ‘hodl’ BTC for years. Another possibility is that the wallet was seized by law enforcement as part of an operation. Examples of this have been seen in the past. The fact that only $ 22 Bitcoin has been removed from the wallet reduces the possibility of a sale.
4.22 million BTC in dormant wallets for 5 years
Bitcoin wallets, which have been dormant for years, are a matter of debate. According to the latest data, the amount of Bitcoin in wallets that have been ‘sleeping’ for at least 5 years is 4.22 million. The largest of these wallets holds approximately 80,000 BTC worth $3.6 billion.
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