The wallet involved in Sunday’s transaction acquired the majority of its holdings—411 BTC—on September 11, 2013, when bitcoin traded at approximately $131. For the following 13 years, the owner made no purchases, sales, or transfers. The coins remained untouched as the asset’s value surged more than 600-fold, surviving three bitcoin halvings, the 2017 bull run, the 2022 FTX collapse, and the 2024 introduction of spot bitcoin ETFs.
Although the owner stayed inactive, the wallet received minor activity over the years. Dozens of small deposits, each valued under one dollar, arrived over time. Some originated from addresses flagged by Arkham as phishing sources. This reflects a common scheme called “address poisoning,” where scammers send trace amounts of cryptocurrency—often called “dust”—to high-value wallets in hopes that the owner will mistakenly copy the fraudster’s address from their transaction history during a future transfer.
The owner did not take the bait.
At 18:23 UTC on Sunday, the owner transferred the entire balance to a new address, incurring a transaction fee of only 337 satoshis—a negligible fraction of one cent.
To date, the funds have not been deposited to an exchange. The receiving wallet has recorded only this single incoming transfer and has not executed any outgoing transactions. This inactivity suggests routine wallet maintenance or custodial reorganization rather than an imminent market sell-off.
