31.07.2025 10:09

A significant event unfolded in the Bitcoin market as five dormant miner wallets, dating back to 2010, recently transferred a substantial amount of Bitcoin. These wallets, believed to have belonged to a single entity, moved a collective 250 BTC, a sum currently valued at approximately $29.6 million. This action underscores the ongoing movement of long-held Bitcoin, challenging the assumption that all inactive coins are lost.

The coins, mined at a time when Bitcoin's price was below $0.10, represent untouched block rewards of 50 BTC each, all received on the same day in April 2010. This remarkable synchronicity coincides with the period when Satoshi Nakamoto was also actively mining blocks, adding a layer of historical intrigue to the transaction. The consolidated holdings now reside in two new addresses, one containing over $11 million and the other holding over $17.7 million worth of Bitcoin.

This activity mirrors a growing trend of ancient Bitcoin wallets re-emerging, particularly during periods of market strength. The reactivation of these wallets happened as Bitcoin's price surged above $118,000, suggesting that even long-term holders, often referred to as "whales," are willing to capitalize on peak market conditions. Previous instances of this phenomenon include a similar event in late 2024, where another dormant wallet sent 50 BTC to Binance.

The wallets' prolonged dormancy, spanning over 15 years, makes this event particularly noteworthy. Notably, these addresses were previously "dusted," a technique involving a small, inconsequential transaction often used to identify and track dormant wallets. This dusting serves as a form of pseudo-legal claim, although its effectiveness in actually establishing ownership remains questionable. The transfer, obtained from internet sources, highlights the ongoing dynamism within the Bitcoin ecosystem, constantly revealing the enduring influence of early adopters and the continued potential for significant movements within the market.