On Friday, while bitcoin floated just north of the $100,000 mark, a 2016-era whale suddenly woke up—moving 216.95 BTC valued at $22.47 million after sitting still for 9 years and 4 months.
Dormant 2016 Wallet Makes a Splash
Talk around town has zeroed in on OG bitcoin holders shifting hefty stacks of long-idle coins. Since Jan. 1, 2025, about 4.64 million BTC has stirred from slumber—but mostly from wallets held for six months to a year, one to two years, and three to five years.
Today, though, a bold holder from 2016 decided to stretch its digital legs—moving 216.95 BTC from a wallet that hadn’t budged in 3,412 days. The Pay-to-Public-Key-Hash (P2PKH) wallet, born on July 5, 2016, finally came alive again—its transaction confirmed at block 922580 roughly ten hours ago.
Source image: Blockchair.com
The stash shifted to a fresh, unidentified Pay-to-Script-Hash (P2SH) address, where it’s currently parked. It might just be a consolidation shuffle—moving into a modern address type—as the haul was split into a tidy 1 BTC send, a hefty 215.95099782 transfer, and six smaller side moves.
The transfer landed just as BTC climbed 2.8% on Friday, hitting an intraday high of $104,044 per coin. At press time, around 5 p.m. Eastern, the leading crypto asset was holding steady around $103,845 per coin. Whether it’s a whale waking up or just housekeeping, old coins moving always grab attention in bitcoin circles.
Historical data shows that when this stash was first gathered, each BTC traded at just $664—putting the total at $143,995 back then. Fast forward to today’s $22.47 million valuation, and this OG just clocked a jaw-dropping 15,530% gain. After nearly a decade of dormancy, this 2016 wallet’s reappearance adds another twist to bitcoin’s ever-evolving story.
FAQ ❓
What happened with the 2016 bitcoin wallet?
A dormant 2016 wallet moved 216.95 BTC worth $22.47 million after sitting untouched for more than nine years.
When was the transaction confirmed?
It was confirmed at block height 922580 about ten hours ago on the bitcoin blockchain.
Where did the bitcoin move to?
The coins were transferred to a new, unidentified Pay-to-Script-Hash (P2SH) address.
How is bitcoin performing right now?
At press time, bitcoin is trading around $103,845 after reaching an intraday high of $104,044. Earlier in the day, BTC breached the $100,000 range to a low of $99,467.