Analysts from Lookonchain reported that a Bitcoin wallet, inactive since 2018, recently made a transaction involving 8,000 BTC. The funds were transferred to Binance, the largest trading platform by volume.
In December 2018, during a market downturn, the coins were purchased at a price of $3,800 each, resulting in a total purchase cost of over $30.4 million.
According to a report published in April by the analytics firm Chainalysis and Fortune magazine, approximately 1.75 million Bitcoin wallets have remained inactive for over ten years. These wallets hold 1,798,681 BTC (approximately $121 billion), which accounts for 8.5% of the total coins issued.
These calculations do not inсlude around 30,000 addresses associated with Satoshi Nakamoto, the creator of BTC.
