Degen

In January 2025, 89 old Bitcoin (BTC) wallets that had been inactive from 2011 to 2017 were activated, moving a total of 3,422 Bitcoins worth $348 million.

The largest volume of transfers came from 2017 wallets, with 20 unique addresses transferring 1,224 Bitcoins to newer wallets.

One of the most notable transactions was a transfer of 396 Bitcoins from a wallet created on June 14, 2017.

This large movement in old wallets could indicate a change in strategy by long-term holders or a potential sell-off.