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Dormant Bitcoin Wallet Moves 343 BTC Worth About $23.85 Million

Dormant Bitcoin Wallet Moves 343 BTC Worth About $23.85 Million

According to Lookonchain, the wallet had been inactive for two years before transferring funds from Binance and Cobo within two hours on March 12.

BTC

Fact Check
The claim is fully corroborated by both the primary monitoring source (Lookonchain) and secondary crypto news outlets (BlockBeats). All specific data points—including the wallet's dormancy period, the exact amount of BTC, the estimated USD value, and the specific exchanges involved—are consistent across sources.
    Reference: 12
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Terms & Concepts
  • Dormant wallet: A cryptocurrency wallet that has shown no on-chain activity for an extended period before moving funds again.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • On-chain activity: Transactions recorded directly on a blockchain (shared digital ledger).