Dormant Bitcoin Address Moves 26.96 BTC After 12.5 Years

A dormant BTC address transferred 26.96 coins after 12.5 years, realizing potential profits of $1.73 million. This marks the second such event this month, though market impact remains unconfirmed.

Woofun AI reports that a Bitcoin address starting with '14vMEC' transferred 26.96 BTC at 07:03 UTC on August 10th, within block 961845. The address had remained inactive since receiving its initial holdings on January 31, 2014. Galaxy Research estimates the average holding cost at approximately $803 per coin, implying potential profits of roughly $1.73 million and a return rate near 7,975%. This movement represents the second instance this month of long-dormant coins becoming active, following an August 6th transfer of 49.97 BTC from an address inactive since 2011. The transfer indicates asset relocation to a new address, with no confirmation of market entry.