Sleeping Giant Awakens: 534 BTC Suddenly Transfers After Years
A long-dormant bitcoin wallet, created on March 18, 2016, has moved 534.94 BTC, worth approximately $45 million. This is the first transfer from the wallet in nearly nine years.
The transaction, detected at block height 888,655, saw the bitcoin split into two outputs and sent to a new wallet. Originally worth just $222,000, the bitcoin in the wallet has increased by over 20,000%. The move has sparked speculation about the motivations behind it, with no clear indication of what will happen next with the funds. The transfer stands as the largest this month from a dormant wallet.
Clever Robot News Desk 22th March 2025
