A 12-YEAR-SILENT BITCOIN WALLET JUST WOKE UP… AND IT’S NOT ALONE 👀
A Bitcoin wallet that had been silent since 2013 just moved 500 BTC worth about $31.3 million today.
The wallet, labeled 18TExP, had held the coins for more than 12 years. When they last moved, those 500 BTC were worth roughly $500,000.
But here's what makes this interesting:
It wasn't alone.
On-chain data shows a noticeable increase in long-dormant Bitcoin moving since the Coldcard security incident began on July 30. Around 6,388 BTC dormant for 5–7 years moved on July 31, while about 935 BTC that had been inactive for more than 10 years moved on August 3.
The timing has raised questions about whether some long-term holders are moving their Bitcoin as a precaution following the Coldcard wallet vulnerability.
But we should be careful: moving old Bitcoin does not automatically mean selling. The blockchain can show that coins moved, but it doesn't tell us the owner's intention.
The real story isn't just 500 BTC moving.
It's that Bitcoin's oldest supply is suddenly becoming active while the market is watching.
I’m watching the wallets, not just the price. 👀
#bitcoin.” #BTC☀️ #CryptoNews🚀🔥 #Onchain #blockchains
A Bitcoin wallet that had been silent since 2013 just moved 500 BTC worth about $31.3 million today.
The wallet, labeled 18TExP, had held the coins for more than 12 years. When they last moved, those 500 BTC were worth roughly $500,000.
But here's what makes this interesting:
It wasn't alone.
On-chain data shows a noticeable increase in long-dormant Bitcoin moving since the Coldcard security incident began on July 30. Around 6,388 BTC dormant for 5–7 years moved on July 31, while about 935 BTC that had been inactive for more than 10 years moved on August 3.
The timing has raised questions about whether some long-term holders are moving their Bitcoin as a precaution following the Coldcard wallet vulnerability.
But we should be careful: moving old Bitcoin does not automatically mean selling. The blockchain can show that coins moved, but it doesn't tell us the owner's intention.
The real story isn't just 500 BTC moving.
It's that Bitcoin's oldest supply is suddenly becoming active while the market is watching.
I’m watching the wallets, not just the price. 👀
#bitcoin.” #BTC☀️ #CryptoNews🚀🔥 #Onchain #blockchains