Odaily Planet Daily reports that four long-dormant Bitcoin wallets became active between August 29 and September 4, transferring a total of 202.84 BTC, worth approximately $15.73 million. The largest address held 146.06 BTC, remaining dormant for nearly 12.8 years since November 2013, with a cost basis of around $595 per BTC, representing a price increase of approximately 12,902%.
Another address holds 40 BTC, inactive since November 2011, with a current value of approximately $3.09 million and an average cost of about $3, representing a gain of roughly 2,571,899%, meaning a $120 Bitcoin holding has grown to over $3 million. Additionally, addresses holding 10 BTC and 6.78 BTC have been inactive since June 2011 and February 2011, respectively.
Galaxy Research labeled the recipient of the 6.78 BTC transfer as Coinbase, typically associated with selling intent. Some of the reactivated addresses also carry the sender label "Noah Doe," which refers to a New York lawsuit seeking to classify thousands of dormant addresses as abandoned property; the case was paused by a judge in June. (Decrypt)