• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

2025-05-24

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15
  • Videos

    CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

    2025-05-24

    Bitcoin Culture Has Always Been Anti-Spam

    2025-05-24

    Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

    2025-05-23

    Celebrating US Dollar Pizza Day

    2025-05-23

    CRYPTO’S NEXT RAPPID MOVE WILL SHOCK YOU!!!

    2025-05-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Bitcoin (BTC) Address Dormant For More Than 11 Years Moves $31 Million In BTC
Altcoins

Bitcoin (BTC) Address Dormant For More Than 11 Years Moves $31 Million In BTC

2023-07-23No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

After over 11 years of inactivity, a dormant Bitcoin address containing $31 million in BTC suddenly came to life recently. On July 22, 2023, the address transferred its entire balance to a new address.

Early BTC Address Comes Back To Life

Bitcoin has been around since 2009, so there are dormant addresses that have been inactive for years that contain large amounts of BTC. Some of the early adopters of this cryptocurrency were able to buy in very cheap but the private keys to many of these addresses have been lost, locking them forever. Every now and then, however, some of these addresses suddenly come back to life as the owner regains asses to the funds.

The address here was one of the earliest Bitcoin addresses. According to on-chain data, it received its first transaction of 1,037 BTC in November 2012. At the time, the price of each BTC sold for only $12.41. It then received regular small deposits of BTC over the years. With the price of Bitcoin now at $29,828, this sets the total price at just over $31 million.

💤 💤 💤 💤 A dormant address containing 1,037 #BTC (31,080,234 USD) has just been activated after 11.3 years!https://t.co/6cW9vnTOhD

— Whale Alert (@whale_alert) July 22, 2023

There are a few possibilities for what could have prompted the owner to suddenly move these funds after all this time, ranging from regaining control of the private keys to cashing out and taking a profit. Whatever the reason, the sudden reawakening of dormant Bitcoin addresses has the potential to cause a stir and spark interest in the Bitcoin community.

See also  October's NFT Market Contracts Over 21%, With Ethereum's Share Shrinking by $35 Million

Bitcoin (BTC) price chart from Tradingview.com

BTC price remains below $30,000 | Source: BTCUSD on Tradingview.com

Implications For The Price Of Bitcoin

When a large amount of BTC suddenly moves, it can cause temporary price fluctuations. An immediate selloff of the assets can lead to a drop in the market price of Bitcoin. However, these effects are often short-lived. Over the long run, an increase in circulating supply is unlikely to significantly impact Bitcoin’s price due to the rapid rate of adoption.

Dormant BTC addresses have also been showing up in a flurry this year. Back in May, a similar address containing 1,000 BTC that was dormant for more than 11 years moved 400 BTC to a new wallet. In February, a BTC address that had been dormant for 11 years came back to life to move $9.6 million worth of BTC. 

These examples show that even if an address has been dormant for a long time, there is always a possibility of the funds moving again. However, many of these addresses seem to be lost forever. According to IntoTheBlock, around 29% of the total Bitcoin circulating supply is now presumed lost forever after remaining stagnant for over five years.S

Featured image from iStock, chart from Tradingview.com

Address Bitcoin BTC dormant Million moves Years
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23

Why Bitcoin is So Strong | New ATH Coming

2025-05-22

Boom! Bitcoin All time High! [where will we go]

2025-05-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

This is Why Bitcoin is Exploding to $40,000 and BEYOND…

2023-12-03

In this recap video, George talks about Bitcoin’s rally to $40000 and beyond. BingX Exchange…

Videos

Major Bitcoin and Crypto Indicators Turns Bullish

2024-06-17

Today, let’s discuss Bitcoin and Ethereum and how some major events and indicators turns bullish.…

Altcoins

Ripple’s [XRP] price compressed in tight range – is a breakout likely?

2023-05-13

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

2025-05-24

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 106,901.64
ethereum
Ethereum (ETH) $ 2,504.52
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.28
bnb
BNB (BNB) $ 663.49
solana
Solana (SOL) $ 169.99
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.217782
cardano
Cardano (ADA) $ 0.737817
tron
TRON (TRX) $ 0.270615
bitcoin
Bitcoin (BTC) $ 106,901.64
ethereum
Ethereum (ETH) $ 2,504.52
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.28
bnb
BNB (BNB) $ 663.49
solana
Solana (SOL) $ 169.99
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.217782
cardano
Cardano (ADA) $ 0.737817
tron
TRON (TRX) $ 0.270615