Crypto wallet activity: Two dormant addresses move nearly $34M in Bitcoin

Two Bitcoin wallets dormant for more than 12 years moved about 417 BTC, worth $33.85 million, according to Lookonchain. The movements brought Bitcoin held in the addresses for over a decade back into circulation between wallets. However, the available records do not say that anyone sold the coins or sent them to an exchange. Two wallets account for the $33.85 million transfer Arkham data show two main outgoing transfers. One address moved 248.854 BTC, valued at about $20.22 million, while the other transferred 167.84 BTC, worth around $13.63 million. Together, those transactions were 416.694 BTC. The data also show earlier incoming transactions dating back roughly 12 and 13 years. For the larger wallet, the 248.854 BTC received was valued at about $88,460.

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