A group of long-dormant Bitcoin wallets moved 1,314.41 BTC over the past 24 hours, with the bulk of the activity tied to addresses created in 2014. According to the report cited by Odaily, wallets from that year transferred 1,214.42 BTC, accounting for 92.4% of the total and worth about $86 million at the stated valuation. The transactions included 21 transfers of 50 BTC each, with funds consolidated from legacy P2PKH wallets into new P2WPKH addresses. Some of the transfers were completed in the same block. Arkham’s entity labels did not show any link between the addresses and exchanges. The report also said the 2014 holder’s BTC had been acquired at roughly $310 to $427, implying gains of at least 16,645%. Separately, three wallets created in 2016 moved 79.99 BTC, while two 2017 addresses transferred 20 BTC. The information was attributed to Bitcoin.com News.
Over the past 24 hours, 28 long-dormant Bitcoin wallets moved a combined 1,314.41 BTC, worth about $94.03 million, according to an Odaily report citing Bitcoin.com News.
2014 wallets accounted for most of the transfers
Wallets created in 2014 transferred 1,214.42 BTC, or 92.4% of the total, with an estimated value of about $86 million. The report said 21 of those transactions were sent in 50 BTC increments. Funds were consolidated from legacy P2PKH wallets into new P2WPKH addresses, and some of the transfers were completed in the same block.
Arkham’s entity labels did not show any exchange affiliation for the addresses. Based on the figures in the report, the 2014 holder acquired the BTC at roughly $310 to $427, putting the appreciation on the position at no less than 16,645%.
Additional movement came from 2016 and 2017 addresses
Beyond the 2014 wallets, three wallets created in 2016 moved 79.99 BTC, while two addresses from 2017 transferred 20 BTC.
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