A dormant Bitcoin wallet wakes up after 15 years, turning 120 USD into 3 million USD

According to on-chain monitoring data from Galaxy Research, from August 29 to September 4, four long-dormant Bitcoin wallets were activated, transferring a total of 202.84 BTC, worth approximately 15.73 million USD.

Among them, the largest wallet held 146.06 BTC (approximately 11.31 million USD), which had not been touched since November 2013, holding for nearly 12.8 years, with an unrealized profit of about 12,902% based on a cost price of approximately 595 USD. A wallet that has been dormant since November 2011, holding 40 BTC, is valued at approximately 3.09 million USD, with an average cost of about 3 USD, resulting in an unrealized profit of up to 2,571,899%, allowing the holder to earn over 3 million USD from an initial investment of about 120 USD over nearly 15 years. Additionally, two other wallets transferred 10 BTC (approximately 777,000 USD) and 6.78 BTC (approximately 551,000 USD), respectively.

Galaxy marked the transfer of 6.78 BTC as being received by Coinbase, a signal that typically indicates the holder intends to sell rather than simply transfer assets. Some of the activated wallets were tagged with the sender label "Noah Doe," related to New York State's lawsuit declaring thousands of dormant addresses as unclaimed property. Since a judge suspended the proceedings in June, the relevant wallets have shown multiple movements. This wave of awakenings continues the trend observed since this summer, with six wallets previously transferring approximately 40 million USD within ten days in August.