1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements

1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements

On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin, valued at $52 million. This marked the first movement of these funds in almost eight years.

After the 9 Enigmatic Transactions 2 Days Ago, the Same 2016 Whale Moves a Tranche of Bitcoins Worth $52 Million

In the last three days, an entity that accumulated a significant amount of bitcoins in 2016 has chosen to transfer these assets for the first time in several years. On Feb. 1, 2023, Bitcoin.com News covered the activity of a 2016 whale, highlighting the transfer of 726 BTC across nine separate bitcoin wallets, with each transaction involving slightly more than 80 BTC.

Merely two days following this event, the same individual or entity made another move, this time transferring 1,210.41 BTC worth $52 million (1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15). Initially valued at $502,102 when the wallets were established on March 30, 2016, the funds followed a pattern similar to the Jan. 31 transactions, with each of the user’s 15 transfers slightly exceeding 80 BTC.

The breakdown of these transactions saw three executed at block height 828,477, followed by a single transaction confirmed at 828,478. Another trio of transfers was authenticated at 828,479, with an additional single transaction verified at block height 828,481.

Subsequent to these, one transfer was confirmed at block height 828,482, and three others took place at 828,494. Another solo transaction was confirmed at block 828,497, with the final duo of transactions occurring at block height 828,498.

All 15 transfers were discovered by the blockchain parsing tool btcparser.com. Mirroring the transfers from Wednesday, these transactions recieved a privacy score of 55 out of 100, according to Blockchair’s privacy meter. Furthermore, the corresponding 1,210.41 bitcoin cash (BCH), also possessed by the entity, remains untouched.

Additionally, the wallets, which were Pay to Public Key Hash (P2PKH) addresses, simply moved their contents to alternative P2PKH legacy addresses after their initial activity. The reason behind the user’s pattern of transactions remains a mystery, yet it maintains market vigilance as substantial quantities of aged BTC are mobilized after years of quiescence.

What do you think about the 1,210 bitcoin worth $52 million moving in this fashion after all these years? Share your thoughts and opinions about this subject in the comments section below.