On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years.
$60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout
A large string of so-called ‘sleeping bitcoins’ moved on Friday morning (ET) after remaining idle for more than 11 years. The 3,500 BTC worth over $60 million stemmed from seven different BTC addresses created on Oct. 7, 2011. It is the first large string of decade-old sleeping bitcoins to wake up in months.
The 3,500 bitcoins from 2011 were caught by Btcparser.com, and the owner of the seven different addresses did not spend any of the corresponding bitcoin cash (BCH) or bitcoinsv (BSV) tokens associated with the bitcoins.
The first 500 bitcoins from the batch of 3,500 derived from the address “1roet,” and it was confirmed at block height 762,676. The BTC address “1ueNd” also saw a 500 BTC transfer t
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