On November 1, three wallets moved 6,500 BTC that had been idle since November 2017. Their total value currently amounts to about $230 million.
According to OKLink, the coins belong to an “ancient reserve”, meaning they were mined at least 7 years ago. Some of the bitcoins came from the F2Pool address, which may belong to early miners.
Over six years, unrealized profits for one wallet amounted to more than $68 million, according to Bitinfocharts.
Since the beginning of 2023, more than 20,000 BTC have emerged from hibernation, half of them dated 2011-2013.
