A Bitcoin address starting with 356myu transferred 2,931 BTC to a new wallet around three hours ago, according to monitoring by @lookonchain. The moved holdings were valued at about $188 million at the time of the transfer. On-chain records show the address had been inactive for seven years before this transaction.
The wallet originally received the 2,931 BTC seven years ago, when Bitcoin was trading at roughly $6,513, and had not moved the funds at any point in the intervening period. Blockchain data has labeled the address as an early holder wallet that had remained dormant for seven years.
Based on the historical receiving price cited in the source and the current transfer value, the position’s value has increased by about 40 times since the coins were first received. The transaction marks the first movement from the address since it obtained the funds seven years ago.
Dormant wallet sends 2,931 BTC to a new address
A Bitcoin address beginning with 356myu moved 2,931 BTC to a new wallet about three hours ago, according to @lookonchain. The transferred holdings were worth about $188 million at the time of the move.
On-chain data shows the address had been inactive for seven years before this transaction. It received the funds seven years ago, when Bitcoin was priced at about $6,513, and had not transferred them during that period.
The address has been tagged in blockchain data as an early holder wallet dormant for seven years. Based on the historical receiving price and the current transfer value, the holdings increased in value by about 40x.
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