A Bitcoin wallet that last moved in 2013 has just shifted 411 BTC worth about $34 million — coins bought for roughly $54,000 when Bitcoin traded near $131. It is the second ancient wallet to wake up in two days, and traders are now watching whether the coins drift toward an exchange or simply settle into a new wallet.
Key points:
• Galaxy Research flagged a spend of 411.45 BTC from an address funded on September 11, 2013 — its first move in about 13 years.
• The coins cost about $54,000 at roughly $131 per Bitcoin and are now worth about $34 million, a gain of around 630 times.
• The receiving wallet is unknown and no deposit to an exchange is confirmed, so there is no proof of a sale yet.
Blockchain records checked against the reports show the transaction was confirmed on October 18 in block 972,036. The address, which begins 13Coop, spent two deposits it received on the same day in September 2013 and sent about 411.45 BTC to a single destination after fees. CoinDesk reported the move early on October 19, noting the wallet had been dormant since 2013, when the coins changed hands at about $131 each.
The timing is what makes traders pay attention. Only about a day earlier, two other 2013 wallets moved a combined 416.69 BTC worth about $33.8 million in a single block — a separate event this site already covered. Together, roughly 828 BTC bought in 2013 has moved within about 24 hours, yet trackers found no sign that either move was a sale, and the reports do not establish that the wallets belong to the same owner.
Read also: Bitcoin Whales Move $33.8 Million After 13 Quiet Years — Sell-Off Next?
What happens next?
For now, the market is calm: Bitcoin changed hands near $82,700 on October 19, up about 1.3% in 24 hours, after jumping to $82,500 on strong China GDP data. A wallet move on its own is not a sale — old holders also shift coins to newer wallets for security or to tidy up old addresses. Selling pressure would only become real if the coins start moving toward a known exchange wallet.
Until that happens, this stays a remarkable hold: about $54,000 placed in 2013, untouched through every boom and crash for 13 years, and now worth about $34 million. Traders will keep one eye on the receiving address — and on whether a third ancient wallet wakes up next.
Read also: Bitcoin Jumps to $82,500 as China GDP Beats Forecasts — What's Next?
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: CoinDesk, Galaxy Research, CoinScreamer, CoinGecko
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