over 1,200 years old bitcoin have moved from dormant addresses in the days following the fall of ftxThe activity has picked up further in the last few days.
Two of the many old wallets that moved coins in the days after FTX went down spent a combined 348 BTC on Nov. 29 — a stash that was once only worth $348,000.
It is difficult to say what the owners did with the coins, and it remains unknown whether they were sold or just moved to another wallet, for example for cold storage.
The 348 BTC moved on the day are now worth around $5.8m, a huge increase in value compared to what they acquired.
the news was earlier informed of By Bitcoin.com, using blockchain data and compilation from btcparser.com.
Other notable transactions on the same day were a 173.61 BTC transaction from an address that has been inactive since June 14, 2017, as well as a 100 BTC transaction from an address from April 12, 2014.
Of those two transactions, the latter had 100 BTC lying dormant for nine years, an unusually long period of time in the bitcoin world. At the time the wallet address was created, each BTC was traded for less than $500.
In addition, a wallet address dated April 26, 2013 made a massive 600 BTC transaction last week on December 2. At the time the address was created, 600 BTC was worth approximately $84,000.
Today, those same coins are worth some $10.14m.
Combined, all coins from these inactive addresses that have been spent since November 29 were worth less than $800,000 at the time the addresses were originally created.
Today, those same 1,221,45 BTC are worth some $20m.
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