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      6 wallets dormant for over 10 years recently moved 553 BTC, worth about $40 million

      PANews reported on August 29, according to CoinDesk, Galaxy Research tracking data shows that six wallets last active between 2011 and 2014 transferred a total of 553.59 BTC, worth about $40 million, between August 16 and August 26. One of the wallets had not made any transfers for more than 15 years.

      However, Alex Thorn, head of research at Galaxy Digital, pointed out that the amount of dormant Bitcoin moved on-chain in the second quarter fell to its lowest level since the third quarter of 2022. Galaxy defines Bitcoin that has not moved for at least one year as "dormant coins."


      Source: PANews
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