Bitcoin address dormant for 12.5 years transfers 26.96 BTC, holdings worth approximately $1.75 million, potential profit of $1.73 million
2026-08-10 19:17
Odaily News: A Bitcoin address dormant for approximately 12.5 years transferred 26.96 BTC in block 961845 at 07:03 UTC on August 10. The address begins with "14vMEC". This address first received Bitcoin on January 31, 2014, and has not made any transfers since.
Cryptocurrency research firm Galaxy Research stated that the average cost basis of the holdings in this address is approximately $803, with potential profits of about $1.73 million, representing a return rate of approximately 7,975%. This transfer only indicates that assets have been moved to a new address, and it cannot be confirmed that they have entered the market.
This is the second marked awakening event of an old coin this month. On August 6, an address dormant since 2011 transferred 49.97 BTC, with a holding period of over 14 years. (Decrypt)
Cryptocurrency research firm Galaxy Research stated that the average cost basis of the holdings in this address is approximately $803, with potential profits of about $1.73 million, representing a return rate of approximately 7,975%. This transfer only indicates that assets have been moved to a new address, and it cannot be confirmed that they have entered the market.
This is the second marked awakening event of an old coin this month. On August 6, an address dormant since 2011 transferred 49.97 BTC, with a holding period of over 14 years. (Decrypt)
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