Significant Bitcoin Movements: Dormant 2010 Wallets Witnessed Active Transfers After Over a Decade
Something interesting happened recently with 8 block rewards from 2010. These wallets were inactive for over 12 years but are now being used.
Two of these transactions took place on Monday, June 26, 2023. Both transactions were linked to block subsidies received on July 12, 2010. This implies that they were possessed by one person.
The first transaction took place at block height 795,936. In this transaction, 49 BTC went to one address, and 0.99 BTC went to another. Surprisingly, these wallets have remained inactive since. The transfer happened twice. The last time it was at block height 795,940, and all the money went to one place now having 49.99 BTC.
Interestingly, the corresponding bitcoin cash (BCH) linked to these old coins has not been moved and remains dormant. Privacy-wise, the first transfer of 50 BTC received a low score of 10 out of 100 due to three identifiable issues, posing a risk to the involved parties’ privacy. On the other hand, the second transaction displayed more privacy, scoring 55 out of 100, as it transitioned from a legacy address to a Segregated Witness (Segwit) address. However, the privacy tool noted that tracking tools could still potentially trace the transaction.
In 2023, fewer 2010 block rewards were spent compared to late 2020 and early 2021. Between January 1, 2021, and September 28, 2021, 152 block rewards from 2010 were moved. The number of 2010 reward spends is getting lower, which means we see them less often these days.
Clever Robot News Desk 27th June 2023