dormant

According to Whale Alert monitoring, the sleeping Bitcoin transactions that occurred yesterday came from multiple early mining addresses. These addresses mined 50 BTC each at Bitcoin block heights 43361, 43452, 43647, 43680, 43765, 43855, and 43871, totaling 350 BTC. However, according to their research findings, the aforementioned blocks were not mined by Bitcoin's founder Satoshi Nakamoto.

Whale Alert stated that the dormant transactions activated yesterday involved addresses that mined 50 BTC in Bitcoin blocks 43361, 43452, 43647, 43680, 43765, 43855, and 43871. Whale Alert indicated that, according to its research, the aforementioned blocks were not mined by Satoshi Nakamoto.

According to on-chain monitoring data from Galaxy Research, from August 29 to September 4, four long-dormant Bitcoin wallets were activated, transferring a total of 202.84 BTC, worth approximately 15.73 million USD.Among them, the largest wallet held 146.06 BTC (approximately 11.31 million USD), which had not been touched since November 2013, holding for nearly 12.8 years, with an unrealized profit of about 12,902% based on a cost price of approximately 595 USD. A wallet that has been dormant since November 2011, holding 40 BTC, is valued at approximately 3.09 million USD, with an average cost of about 3 USD, resulting in an unrealized profit of up to 2,571,899%, allowing the holder to earn over 3 million USD from an initial investment of about 120 USD over nearly 15 years. Additionally, two other wallets transferred 10 BTC (approximately 777,000 USD) and 6.78 BTC (approximately 551,000 USD), respectively.Galaxy marked the transfer of 6.78 BTC as being received by Coinbase, a signal that typically indicates the holder intends to sell rather than simply transfer assets. Some of the activated wallets were tagged with the sender label "Noah Doe," related to New York State's lawsuit declaring thousands of dormant addresses as unclaimed property. Since a judge suspended the proceedings in June, the relevant wallets have shown multiple movements. This wave of awakenings continues the trend observed since this summer, with six wallets previously transferring approximately 40 million USD within ten days in August.

According to market news, the address 0x220...3C9ba suddenly awakened after being dormant for 3 months, withdrawing 2.146 million Binance Life tokens (0.21% of the token supply) from Binance 2 hours ago, worth 1.108 million USD, at an average price of 0.5168 USD.

According to Cointelegraph, a Bitcoin wallet that had been dormant for nearly 12 years suddenly transferred all 20.00010537 BTC (approximately $1 million) to a large centralized exchange in March, and three weeks later, almost the same amount was returned (only 4500 satoshis short, about $3), and then in May, this Bitcoin was permanently destroyed.On-chain analysis company Chainalysis confirmed that this wallet has a strong association of "shared ownership" with four other addresses, all of which received initial funding on the same day in April 2014, and most of the funds can be traced back to the now-defunct Mt. Gox exchange, suggesting that the holders are early Bitcoin adopters.Analysis by Bitcoin educator Bennet shows that one of the addresses sent 19.6 BTC in 60 transactions to the custodian between 2022 and 2024, despite the Bitcoin price more than quadrupling during this period. The dollar amount of 58 of these transactions was close to $10,400, suggesting that the holders may have adopted a fixed dollar amount liquidation strategy. After the million-dollar "round trip" transfer in March, the funds almost returned to their original state, and the destruction of Bitcoin requires the same private key, making conventional transaction explanations difficult to establish.Chainalysis admits that it currently cannot explain why the holders transferred long-dormant assets through the custodian, almost retrieved the original amount, and then actively destroyed them. The destruction of Bitcoin is irreversible, and analysts speculate that this may be a deliberate statement to reduce the total supply of Bitcoin, or it could be for privacy, tax, or testing old wallet arrangements, but none of the hypotheses fully align with all on-chain evidence.

According to CoinDesk, six Bitcoin wallets that were active from 2011 to 2014 and had not moved since transferred a total of 553.59 BTC, worth about $40 million, between August 16 and 26. Five of the wallets sent Bitcoin to addresses with no known exchange associations, while one wallet transferred 40 BTC to the German crypto custody and trading service provider Boerse Stuttgart Digital. Additionally, two of these wallets are linked to a lawsuit in New York, where the pseudonymous plaintiff Noah Doe is seeking control over Bitcoin held in 39,069 dormant addresses under the state's lost property law. Data from Galaxy Research shows that the on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter, with the total movement expected to be less than half of last year's for the entire year of 2026. Galaxy Research director Alex Thorn stated that none of the many whale clients he interacts with cited quantum computing risk as a reason to sell, but some institutional investors are indeed avoiding buying Bitcoin for this reason. Following the disclosure of a vulnerability in the Coldcard hardware wallet, approximately 210,000 BTC left long-term holder wallets within a week.

Galaxy Research tracking data shows that six dormant Bitcoin wallets from 2011, 2012, and 2014 transferred a total of 553.59 BTC, worth approximately $40.15 million, between August 16 and 26. The earliest batch of coins was purchased in June 2011, when the price was about $14, and their value has since increased over 460,000 times; the most recent wallet transferred 40 BTC to the German crypto custody bank Boerse Stuttgart Digital, with profits reaching up to 1.53 million times.Among the six wallets, two are labeled "Salomon Client Dusted," associated with the pseudonymous plaintiff Noah Doe. Noah Doe filed a lawsuit in the New York Supreme Court, requesting the court to declare 39,069 dormant Bitcoin addresses as unclaimed property under the state's lost property law, and to deliver notice by sending dust transactions to thousands of wallets. Additionally, the panic transfers triggered by the recent Coldcard hardware wallet vulnerability incident are also seen as one of the possible reasons for the awakening of old wallets.

Galaxy Research tracked and found that 6 Bitcoin wallets that have been inactive since 2011, 2012, and 2014 transferred a total of 553.59 Bitcoins between August 16 and 26, valued at 40.15 million dollars based on the price at the time of transfer. Two of the wallets are tagged with "Salomon Client Dusted," related to the Noah Doe lawsuit in New York.One of the transfers involved 40 Bitcoins, with the wallet having been dormant since May 28, 2012. The funds were transferred to the German cryptocurrency custody bank Boerse Stuttgart Digital on August 26. Based on a cost of about 5 dollars, this fund has increased by approximately 1,535,911%. The remaining transfers included 212, 150, and 132.31 Bitcoins, respectively from long-inactive wallets from 2012, 2014, and 2011. The Noah Doe lawsuit involves a request to declare 39,069 dormant Bitcoin addresses in New York as lost property, and some long-term holding addresses transferred funds after the Coldcard hardware wallet vulnerability incident in July.

According to Bitcoin.com, in the past 24 hours, 28 long-dormant Bitcoin wallets transferred a total of 1314.41 Bitcoins, worth approximately 94.03 million USD. Among them, the wallet created in 2014 transferred 1214.42 Bitcoins, accounting for 92.4% of the total, worth about 86 million USD.Among these, 21 transactions were made in the form of 50 Bitcoins each, with funds aggregated from traditional P2PKH wallets to new P2WPKH addresses, and some transactions were completed in the same block. Arkham's entity labels have not yet shown any association between these addresses and exchanges.The Bitcoin purchase price for the 2014 wallet holders was approximately between 310 to 427 USD, with the related holdings appreciating by at least 16645%. In addition, three wallets from 2016 transferred 79.99 Bitcoins, and two addresses from 2017 transferred 20 Bitcoins.

A Bitcoin wallet created in 2012 transferred 212 Bitcoins after being dormant for 14 years, valued at 13.72 million dollars based on the price at the time of transfer. The wallet address was created on August 10, 2012. This batch of Bitcoins was initially worth 2,346 dollars, with a price of 11.07 dollars per coin; based on the price of 64,761 dollars mentioned, if sold entirely, the holder could realize a return of 584,725%. The identity of the wallet owner remains unknown.212 Bitcoins have been transferred from an old P2PKH wallet to an unmarked Bech32 wallet, and after being received in multiple batches, they are stored centrally. A Coldcard vulnerability led to nearly 2,000 Bitcoins being stolen, which may have prompted some long-term holders to transfer their assets, but this address has not been linked to any known entities.

According to Onchain Lens monitoring, a cryptocurrency whale that had been dormant for nearly two years has recently become active again, borrowing 81,640 WETH from the decentralized lending protocols Morpho and Spark, worth approximately 153.6 million USD, to execute arbitrage trades.However, this large transaction did not yield significant profits. On-chain data shows that the arbitrage operation generated only 1.88 USD in revenue, paid 1.53 USD in fees, resulting in a final net profit of only 0.36 USD.

According to Onchain Lens monitoring, a whale that had been silent for nearly two years recently transferred about 1,770 BTC, worth approximately $112 million at current prices. This batch of Bitcoin was valued at about $131.9 million when received from Gemini, estimating that this transfer corresponds to a paper loss of about $19.8 million.Among them, about 114 BTC (approximately $7.23 million) were transferred to Kraken, possibly for sale; the remaining approximately 1,650 BTC (about $104.9 million) were transferred to a new address.

A Bitcoin wallet that has not been used since 2011 transferred approximately 49.97 BTC, worth about 3.2 million dollars at current prices.

According to monitoring by Lookonchain, an Ethereum OG (0x087...2d14) sold 2,250 ETH after being inactive for 3 years, worth 4.15 million dollars.This OG purchased these ETH over 8 years ago at an average price of about 489 dollars.

According to monitoring by Lookonchain, a certain whale wallet, after being inactive for 7 months, transferred all 16,400 BTC it held to a new wallet 1 hour ago, worth 1.04 billion dollars.

Galaxy Research Director Alex Thorn posted on the X platform that the second quarter's dormant Bitcoin awakening volume hit a new low since the third quarter of 2022, significantly decreasing from the high levels of 2024 and 2025.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x9BF...4564a withdrew 4,819 ETH (approximately 9.35 million USD) from the exchange on February 8 at an average price of 1,941.25 USD, marking its first operation after being dormant for two years since March 2024.During the holding period, the account's unrealized loss once reached as high as 1.8 million USD. Half an hour ago, the address deposited 1,200 ETH to Gate exchange, and if sold at the current price, it would only incur a loss of about 20,000 USD, essentially close to breaking even.

A Bitcoin wallet that has not been used since the end of 2017 transferred 5,907.56 BTC on Thursday, worth approximately $384 million, with the funds moving to a new address. Data from Galaxy Research shows that these BTC were initially received on December 14, 2017, and were transferred in Bitcoin block 958217 at around UTC 00:15.The agency estimates that the related holdings have appreciated by approximately $286 million from an average purchase price of about $17,000, representing an increase of 291%. The funds were transferred to a previously unrecognized wallet, rather than a known exchange deposit address, and on-chain information does not indicate that the holder has sold any Bitcoin. This transfer also migrated BTC from a traditional address starting with "1" to the newer bc1q address format.

According to Cointelegraph, the Bitcoin address "1KV47" recently completed its first transfer operation in nearly 15 years, moving 30 BTC (approximately $1.88 million) out of the wallet. This address originally received the aforementioned Bitcoin in August 2011. It is one of 39,069 listed addresses in a lawsuit in New York, where the plaintiff "Noah Doe" and two companies from Wyoming are attempting to claim ownership of these dormant Bitcoins under New York's lost property law.According to data from Alex Thorn, head of research at Galaxy Digital, 31 related addresses transferred 17,527 BTC in June, a significant increase from 4,834 BTC in February. Legal experts point out that address dormancy does not equate to abandonment of ownership, and in the absence of private key proof, the basis of the lawsuit is "extremely weak."

According to monitoring by Lookonchain, after being dormant for five months, the Step Finance attacker sold all 261,933 SOL (worth $21.4 million) and bridged the funds to Ethereum, subsequently purchasing 12,128 ETH.After that, the attacker deposited these ETH into Tornado Cash for money laundering.