Bullish
Ancient Bitcoin Whale Moves 500 BTC After 12 Years Dormancy
2026-08-03 22:04:45
A dormant wallet active for over 12 years transferred 500 BTC to a new address, valued at $31.27M, potentially linked to recent Coldcard security concerns.
Woofun AI reports that a Bitcoin wallet identified as 18TExP, inactive for more than 12 years, transferred its entire holding of 500 BTC to a new address approximately one hour ago. The transaction value stands at roughly $31.27 million. On-chain analysts suggest the move may stem from heightened security awareness following recent Coldcard incidents, though a direct causal link remains unconfirmed.
WOOFUN AI
Impact Assessment · Quick Read
The movement of long-dormant supply often signals increased selling pressure or security-driven consolidation. With 500 BTC entering circulation after over a decade, market participants may monitor this address for further outflows. The potential link to Coldcard vulnerabilities highlights ongoing risks in hardware wallet infrastructure.
Generated by WOOFUN AI · For reference only, not investment advice
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