Awakening of a Bitcoin Giant: $30 Million in BTC Moved From Dormant Wallets After 6-Year Slumber
In
2023, multiple
dormant bitcoin transactions caught the public’s attention and made headlines. Sunday night marks another significant event after a
‘sleeping bitcoin’ whale from
2017 stirred, spending an impressive
1,177.89 BTC — worth more than
$30 million — from seven distinct bitcoin addresses, untouched for just over six years.
Btcparser flagged all seven transactions, with the first spend emerging from the address
“1HjQx.” This once-silent wallet
transacted 200 BTC, and in that same block,
“1LBpE” mirrored the move, transferring another
200 BTC. Yet, the coin owner wasn’t finished. Five more transactions surfaced, confirming at block height 805,100. These encompassed addresses
“16u25,” “1ByNy,” “1HXkT,” “1NZes,” and “1PftW.”
Among these transactions, five transfers echoed the
200 BTC pattern, one dispatched
100 BTC, while another parted with
77.89 BTC. Back on
July 31, 2017, a single BTC traded at
$2,875 a coin, pegging the owner’s haul at a cool
$3.38 million when first secured. Fast forward six years, and that trove of bitcoins
now boasts a value of $30.71 million, based on current BTC exchange metrics.
