Bitcoin OGs Move 1,346 BTC After Thirteen Years of Dormancy
Two original Bitcoin wallets holding 1,346 BTC acquired 13 years ago have transferred a test amount of 0.0005 BTC following more than eight years of complete inactivity, according to on-chain data cited by blockchain analytics firm Lookonchain and reported by crypto publication Criptovaluta.it. The two addresses purchased the funds on September 1, 2013, at an average price of $178 per coin, spending a total of $240,000. At current market prices near $85,189 per coin, the total holdings are valued at roughly $115 million, representing a return of approximately 47,800 percent.
Test Transactions Precede Potential Major Sell-Off
The two addresses initiated separate outbound transactions of 0.0005 BTC each, moving the small sums to a new, pseudo-anonymous wallet. Blockchain analysts note that sending small test transactions is a standard precaution used by operators before moving large sums of cryptocurrency. Neither wallet had executed a major transfer in years. Records indicate one address moved 1 BTC to a new wallet in January 2018, while the other remained entirely dormant since November 2013. Because both addresses returned to activity simultaneously after more than eight years of silence, analysts suggest they belong to the same investor, though the addresses have never directly interacted.
Historical Supply Remains Stable Despite Early Holder Activity
Despite the sudden movement from early holders, aggregate market conditions indicate minimal risk of a broad sell-off. reported that relatively little historical supply is currently moving across the blockchain, reducing the likelihood that an influx of coins from early adopters will flood the market with excess supply.
Frequently Asked Questions About the Bitcoin Whale Movement
How much did the Bitcoin OGs originally invest in 2013?
The two addresses accumulated a total of 1,346 BTC at an average price of $178 per coin, resulting in an initial expenditure of $240,000 on September 1, 2013.
What indicates that a larger sale might happen soon?
Lookonchain identified two separate test transactions of 0.0005 BTC sent to a new wallet, a common preparatory step for moving large sums of cryptocurrency securely.
How long were the two wallets inactive before this transfer?
Both addresses remained completely dormant for over eight years, with one wallet showing no major activity since November 2013 and the other executing its last prior movement in January 2018.
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