logo

A Second 2011 Bitcoin Wallet Moves $10M This Week—Could the Transfers Be Linked?

By: bitcoin.com|2024/10/22 14:22:07
0
Share
copy

On Wednesday, as bitcoin soared to an intraday peak of $68,388 per coin, a wallet from 2011 suddenly sprang to life after lying dormant for over 13 years, spending 150 BTC, valued at $10.17 million. This latest awakening follows the movement of 100 BTC from a similar 2011 address just two days earlier.

Bitcoin Wallet From 2011 Sends $10M in BTC After 13-Year Slumber

Seeing wallets from 2011 reawaken is a rare spectacle, but October has already brought two such events. While old bitcoin rarely moves, rising prices seem to coax these long-hidden coins back into circulation. On Oct. 16, at block height 865,917, a wallet created on June 27, 2011, transferred 150 BTC—worth $10.17 million based on current exchange rates. At the time of the wallet’s creation, each BTC was valued at $16.45, making the original worth of those 150 BTC just $2,467.50.

Fast forward to today, and if the coins were sold, the owner would enjoy a staggering gain of 412,462.97%. When the funds were transferred, they came from a legacy P2PKH (Pay to Public Key Hash) wallet. Of the 150 BTC, 99.99 was sent to another P2PKH wallet, while 50 BTC were transferred to a P2SH (Pay to Script Hash) address. Using Blockchair’s privacy tool, the matched addresses revealed that one of the outputs had a round value.


However, the privacy rating for the transfer was a dismal zero out of 100, according to Blockchair’s tool. As of 5 p.m. EDT on Wednesday, the bitcoin remains in the P2PKH and P2SH output wallets. Interestingly, the structure of this 150 BTC transfer mirrors a similar one from two days prior, where 100 BTC was moved from another 2011 wallet. That transaction also scored zero for privacy due to similar errors.

 

While the previous 2011 transaction tied for the largest dormant bitcoin move with another transfer of 100 BTC from a 2014 wallet, this new 150 BTC transfer now holds the title for the largest from a pre-2017 wallet.

 

You may also like

Morning Report | Strategy invested $1.57 billion last week to increase its holdings by 22,337 bitcoins; Abra plans to go public through a SPAC merger; Metaplanet aims to raise approximately $765 million to increase its bitcoin holdings

Overview of Important Market Events on March 16

CB Insights: Nine Predictions for the Fintech Sector in 2026, with Asset Tokenization Already Becoming a Trend

AI agents initiate autonomous trading, crypto giants directly challenge traditional banks: an article revealing 9 disruptive predictions that will reshape the financial landscape in 2026.

Huang Renxun's full GTC speech: The era of inference has arrived, with revenue expected to reach at least one trillion dollars by 2027, and lobster is the new operating system

At the GTC 2026 conference, NVIDIA CEO Jensen Huang positioned the company as a builder of "AI factories," stating that "by 2027, we will see at least $1 trillion in high-confidence demand." He introduced the concept of "Token factory economics," emphasizing that performance per watt is the core of ...

Trade Gold, Silver & Oil on WEEX: $300K Rewards and 0% Fees

WEEX has launched a large-scale Gold, Silver, and Oil trading campaign featuring 0% fees, a $300K reward pool, and Trade-to-Earn opportunities, allowing traders to deposit, trade tokenized commodities like PAXG and XAUT, and compete on leaderboards — all at WEEX.

21Shares Enhances Crypto ETP Pricing with FTSE Partnership

Key Takeaways: 21Shares AG updates the pricing methodology for its Bitcoin and Ethereum-linked ETPs on the London Stock…

Alibaba AI Projects Crypto Value Surge for XRP, Bitcoin, and Ethereum by 2026

Key Takeaways: Alibaba’s AI predicts significant price increases for XRP, Bitcoin, and Ethereum by 2026’s end, driven by…

Popular coins

Latest Crypto News

11:42

Data: Three wallets withdrew a total of 16,350 ETH from CEX in nearly 10 hours, approximately 37.18 million USD

According to Onchain Lens monitoring, in the past 10 hours, three wallets have withdrawn a total of 16,350 ETH from CEX, approximately 37.18 million USD.Wallet "0x13A" withdrew 10,000 ETH (22.74 million USD) from Coinbase; wallet "0x672" withdrew 4,300 ETH (9.78 million USD) from OKX and subsequentl...
11:42

"Federal Reserve's Mouthpiece": The Federal Reserve is inclined to remain silent this week, as recent shocks are dual factors

"Fed mouthpiece" Nick Timiraos indicated that the Federal Reserve may be more inclined to remain silent this week. However, predictions force them to outline a path.Two former Fed chairs told me that they hope to avoid predicting interest rate cuts in the short term. Whether current officials will t...
11:42

GoPlus: A user lost $1.76 million worth of USDC due to signing a malicious Permit transaction

According to GoPlus monitoring, about 8 hours ago, a user lost $1.76 million in USDC to a phishing attack after signing a malicious Permit transaction.
11:42

Data: A certain whale/institution has cut losses and reduced holdings by 12,000 ETH and 330 cbBTC, worth 51.79 million USD

According to on-chain analyst Yu Jin's monitoring, "At the beginning of February, a whale/institution invested $500 million to buy the dip in BTC and ETH," and last night, after the market rose, they reduced their holdings by 12,000 ETH and 330 cbBTC, worth $51.79 million.However, the price of ETH h...
11:42

Reuters: A huge explosion was heard in Dubai

According to a report by Reuters, witnesses stated that a huge explosion was heard in Dubai.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com