Recent data reveals that so-called ‘sleeping bitcoin’ wallets, established from 2010 to 2017, transacted about 659.14 bitcoins, valued at approximately $28.26 million, during the initial fortnight of this year. A significant portion of this activity originated from wallets created in 2017, with 167.3812 bitcoins being moved from that period.
Old ‘Sleeping Bitcoin’ Wallets Spring to Life, Transacting $28 Million in 2024
In contrast to last year’s surge in bitcoin transactions primarily from 2011 and 2012, this year has witnessed fewer bitcoin movements from long-standing vintage addresses. Btcparser.com, a blockchain analysis website monitoring over 64,000 sleeping bitcoin addresses, reported that roughly 659.1406 bitcoins from accounts created between 2010 and 2017 were transacted for the first time.
The bulk of the vintage bitcoin (BTC) spent this year primarily came from wallets established in the years 2013 to 2017. Notably, wallets from 2017 led the way with 167.3812 BTC
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