Blockchain Parser Discovers Strange Spending of $58.7M Worth of Sleeping Bitcoins From 2017

Blockchain Parser Discovers Strange Spending of $58.7M Worth of Sleeping Bitcoins From 2017


In the past week, several strange movements of dormant bitcoins have captured the attention of onchain analysts, with nine transactions on Jan. 31, 2024, mobilizing 726 bitcoins that had been stagnant since Mar. 30, 2016. Merely two days after, a staggering 1,210 bitcoins, originating from addresses created on the same date in 2016, were dispatched through 15 individual transactions. On Feb. 4, 2024, a further mysterious tranche of 20 transactions unleashed 715.28 sleeping bitcoins, valued at $31 million according to the current exchange rates. Not too long after that, the same entity moved another 639.85 bitcoin worth $27.7 million in a set of 30 transactions.

Odd Spending Spotlights Strange Whale Movements

An intriguing pattern of bitcoin expenditures from years past has come to light.

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