Bitcoin Wallet from 2012 Comes Alive with $3.77 Million Transfer
In September and October 2023, there was a surge in activity from dormant bitcoin wallets from 2012. These wallets had been inactive for over ten years. While there was no movement from these wallets in November, a vintage bitcoin address from 2012 suddenly became active and made a $3.77 million transfer on November 30.
Resurgence of 2012 Wallets
The reactivation of the 2012 wallets in September signaled a shift in older bitcoin wallets. Transfers from 2009 and 2010 wallets are almost non-existent, making the activities of 2011 and 2012 wallets noteworthy.
Last Transfer in October
In October, there were interesting transfers from 2012 wallets. The most recent one occurred on October 31, involving the movement of ten bitcoins from a wallet established in December 2012.
Notable Transfer on November 30
On November 30, another significant transfer took place. An address from 2012 moved 100 BTC worth $3.77 million.
Details of the Transaction
The transaction was detected by the blockchain parser btcparser.com. The bitcoin address, known as “18e2L,” first appeared on the blockchain on December 25, 2012. At that time, the total value of the owner’s BTC holdings was $1,338.
Transaction Privacy and Analysis
The transaction was moderately private, according to Blockchair’s privacy tool. The user likely used the “send everything” function, possibly for payment purposes or to transfer the assets to a new wallet.
Occurrence of Sleeping Bitcoin Spends
Instances of “sleeping bitcoin” spends are rare but tend to increase when the value of BTC rises. Bitcoin has seen a significant increase in value in recent years.
Motivation for the Transfers
The exact reasons behind these transfers are unclear, but the high value of BTC is likely a driving factor for the owners of these vintage coins. It is uncertain whether the coins are being sold or simply moved to another address.
Hot Take: Bitcoin Wallets from 2012 Come Alive with Multi-Million Dollar Transfers
In an interesting development, several dormant bitcoin wallets from 2012 have reawakened and made significant transfers after more than a decade of inactivity. One particular wallet from 2012 moved $3.77 million worth of BTC on November 30, 2023. While the reasons behind these transfers remain unknown, it is evident that the increased value of BTC has motivated owners of vintage coins to take action. The occurrence of these dormant wallet activities sheds light on the historical nature of bitcoin and its potential long-term value.
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