TLDR
- A Bitcoin wallet dormant since 2011 moved nearly 50 BTC worth about $3.2 million.
- The coins were transferred to an address with a history of sending Bitcoin to FalconX deposit wallets.
- The wallet originally received 49.97 BTC in July 2011, when Bitcoin traded near $10.
- The transferred 50 BTC remained at the receiving address, with no on-chain evidence of a sale.
- Arkham data also links the destination address to past activity involving Nexo and Prime Trust wallets.
A Bitcoin (BTC) wallet that had remained inactive since 2011 moved nearly 50 BTC worth about $3.2 million on Thursday, sending the funds to an address with past links to FalconX deposits. The transfer drew attention because the wallet had held the coins for more than 15 years without spending them.
Galaxy Research said the wallet received 49.97 BTC on July 16, 2011, when Bitcoin traded near $10. The coins stayed untouched through several market cycles, exchange failures and sharp price swings before moving on Aug. 6.
🌚 Awakened — dormant 14+ years
49.97 BTC ($3.23M) untouched since first received 2011-07-16 (15.0y ago) — just moved in block 961331Address: 1EBzWeno4frVz5hKp3LvVRpN84cpfJzYjL
No attribution💰 Realized PnL: +$3.23M (+634,347% gain) – basis ~$10 avg – held 15.0y
🕐 2026-08-06…— Galaxy Research (@glxyresearch) August 6, 2026
Bitcoin Wallet Moves Coins After 15 Years
The transaction appeared in block 961331 at 20:14 UTC. It combined four inputs from the dormant wallet totaling 49.97 BTC with two smaller inputs from other addresses. The transaction then sent exactly 50 BTC to a SegWit address.
A second output received about 0.00116 BTC after fees. SegWit addresses begin with “bc1” and use a format designed to improve transaction efficiency and reduce costs on the Bitcoin network.
FalconX-Linked Address Has Prior Activity
The receiving address was not new. Arkham data show it has operated for several years and previously sent 6.336 BTC and 16.131 BTC to addresses labeled as FalconX deposit wallets.
Arkham also links earlier incoming transfers to wallets tied to Nexo and Prime Trust. However, the newly transferred 50 BTC remained at the receiving address as of Friday morning. On-chain data therefore do not show that the dormant coins reached FalconX or another trading venue.
Dormant Wallet Activity Draws Attention
Early Bitcoin wallets often attract market interest when they become active, as many acquired coins at much lower prices. A transfer alone does not confirm a sale. Holders may also move coins for custody changes, wallet upgrades, or security reasons.
The latest movement comes as long-term holders review older storage setups after a Coldcard security issue. Coinkite urged users this week to move funds after identifying a flaw in firmware dating to 2021. The company said attackers had taken as much as $114 million since July 30.
There is no evidence connecting the 2011 wallet to the Coldcard flaw. The address also predates the device by several years.
Santiment data show that larger Bitcoin holders have continued to add coins during the recent price range. Wallets holding 10 to 10,000 BTC increased balances by 0.34% since July 29, while wallets holding less than 0.01 BTC reduced holdings by 0.59%.
Whales stack Bitcoin at $63K-$65K while retail heads for the exit
Wallets holding 10 to 10,000 $BTC have added 0.34% more coins since July 29, per Santiment, accumulating steadily through the $63K-$65K range. Micro holders with under 0.01 BTC have moved the other way, shedding… pic.twitter.com/gwQ3UkCtZt
— BSCN (@BSCNews) August 6, 2026
Santiment linked weaker retail balances to the Coldcard fallout, uncertainty around the CLARITY Act, and flat market action. The analytics firm said whale buying could support a move toward $70,000 if accumulation continues.
Be the first to comment