Odaily reported that, according to monitoring by Galaxy Research, a long-dormant Bitcoin address has recorded a new on-chain transfer. The address had not moved since October 15, 2014, meaning it had remained inactive for 11.7 years before this transaction.
Transfer recorded in block 953816
The monitored data shows that the address transferred 100.50 BTC in block 953816 during the early hours of June 16, Beijing time. Based on the valuation stated in the report, the transferred Bitcoin was worth approximately $6.59 million.
This item falls under whale movement and on-chain activity. The report identifies the start date of the address’s dormancy, the length of inactivity, the transfer time, the block number, the amount of BTC moved, and the approximate U.S. dollar value. It did not disclose the recipient’s identity, the purpose of the transfer, or any subsequent handling of the funds.