Bitcoin wallet dormant since 2011 moves $3.2M to FalconX-linked address
In brief
- Dormant bitcoin wallet from 2011 moved ~50 BTC ($3.2M) on Thursday
- Coins transferred to address with documented FalconX routing history
- No on-chain evidence of exchange deposit or sale as of Friday
The move
The wallet received the coins on July 16, 2011, when bitcoin traded around $10. The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.
The transaction, included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.
The destination
The receiving address carries institutional fingerprints. The address has been active for several years and previously sent 6.336 BTC and 16.131 BTC to addresses labeled as FalconX deposits. It has also received funds from wallets labeled as a Nexo hot wallet and Prime Trust custody.
The newly arrived 50 BTC remained in the address as of Friday morning. That's the key uncertainty. There is no on-chain evidence that the dormant coins themselves have been sent to FalconX, another exchange or sold.
Why it matters
Dormant wallets from bitcoin's earliest years tend to draw attention when they move because their owners accumulated coins when the asset was worth a fraction of today's price. The timing here adds context—transfers can reflect anything from wallet upgrades and custody changes to preparations for a sale.
