On October 19, 2023, a dormant bitcoin address from 2012 sprang to life at block height 812,946, moving 200 BTC worth $ 5.74 million for the first time in nearly 11 years. This activity coincides with a recent surge of transfers from 2012 addresses, which began in early September. October Witnesses Several Connected 2012 …
Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023
In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $ 958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive bitcoin wallets from 2010 and 2011 are becoming scarcer. However, they occasionally stir, reawakening after over a decade of …