Recently, multiple addresses holding over 20 million dollars have been activated after years of dormancy

2024-12-22 14:02:01

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ChainCatcher news, according to Bitcoin.com, Bitcoin has fallen below $96,000 today, down about 11% since it broke $108,000 on December 17, 2024.

Meanwhile, at block height 875,560 on the Bitcoin network, a wallet that had been dormant since July 25, 2015, was activated and transferred 44.99 BTC, marking its first activity since creation.

The same user actually transferred a total of 59.99 BTC, moving funds from three old addresses (P2PKH) to two Pay-to-Witness-Public-Key-Hash (P2WPKH) wallets. Of this, 44.99 BTC came from 2015, when the BTC trading price was $290. Then, after 43 blocks, several wallets from 2017 began to activate, transferring small amounts of Bitcoin (0.00000547 BTC) at block 875,603.

This pattern of sending Bitcoin fragments cleverly conceals larger transfers. Once the satoshis are settled, a newly minted P2WPKH wallet will receive 99.999 BTC, valued at $9.7 million at current prices.

On Saturday, a wallet was activated after 12 years of dormancy, transferring 104.99 BTC, when BTC was only worth $11, totaling $1,200. Today, these BTC are worth over $10 million. This transfer also migrated from an old P2PKH address to a new P2WPKH address.

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