Decade-Old Bitcoin Wallets Move $15.7M, Cashing Out via Coinbase
Four Bitcoin wallets untouched for over a decade just shifted $15.7 million, routing part of it straight to Coinbase.
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Key takeaways
- Four decade-old wallets transferred $15.7 million between Aug. 29 and Sept. 4.
- A portion of the funds went to Coinbase, signaling a likely sale.
- The transfers mark another instance of early Bitcoin holders taking profits.
Four ancient Bitcoin wallets dormant for over ten years suddenly woke up, shuffling a combined $15.7 million between Aug. 29 and Sept. 4.
At least one stash of those long-silent coins landed directly on Coinbase. That's usually a dead giveaway the owner wants to sell and lock in wild returns.
Holding crypto for a decade takes absurd patience. Whoever holds these keys sat through brutal bear markets, exchange meltdowns, and relentless chaos before finally deciding to move their funds.
Why it matters
When early-era wallets wake up and head toward centralized exchanges, traders pay attention. Big exchange deposits usually mean selling pressure. While $15.7 million isn't enough to crash the whole market on its own, it proves a point: even the most disciplined Bitcoin pioneers eventually hit a price where they're ready to cash out.
Source: Decrypt
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Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
