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A Bitcoin wallet that had been dormant for almost 12 years recently became active again with a balance of 749 BTC (currently worth about $53.2 million). According to information obtained from on-chain data, a transfer of 159.2 BTC (about $11.3 million) was made from this wallet early Tuesday morning.
This Bitcoin address last made a transaction on November 10, 2012. At that time, the 749 BTC in the wallet was worth only $8,000. The sudden activation of this long-dormant wallet caused a great stir in the blockchain world. On-chain monitoring platform Whale Alert emphasized on social media platform X that this movement was remarkable. The wallet owner and the reason for this transfer are still unclear; however, the activation of such old wallets is usually considered mysterious and intriguing.
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According to Blockchair data, approximately 124.2 BTC of this transfer was labeled as “change”. This suggests that a large portion of the transaction may have been sent back to the wallet owner. On the other hand, the remaining 35 BTC was redirected to another address. It is not yet clear whether the transfer to this second address belongs to the same wallet owner or a different recipient.
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