A Bitcoin wallet that had been dormant since 2011 stirred the crypto community on August 6, 2026, by moving nearly 50 BTC—worth approximately $3.2 million—to an address with previous links to institutional trading platform FalconX. The original wallet received 49.97 BTC on July 16, 2011, when Bitcoin traded near $10, and the coins remained untouched for over 15 years, surviving multiple market cycles, exchange collapses, and dramatic price swings.
The transaction was confirmed in block 961331 at 20:14 UTC. It combined four inputs from the sleeping wallet totaling 49.97 BTC with two smaller inputs from other addresses, sending exactly 50 BTC to a native SegWit address (starting with "bc1") and a minuscule change output of around 0.00116 BTC. The realized profit on the position stands at an astonishing +634,347%, as highlighted by Galaxy Research.
On-chain data from Arkham reveals that the receiving address has been active for years and has historically sent 6.336 BTC and 16.131 BTC to wallets labeled as FalconX deposit addresses. The address also shows prior incoming transfers from wallets associated with Nexo and Prime Trust. However, as of the following morning, the entire 50 BTC remained at the destination address, providing no on-chain evidence that the coins reached FalconX or any other trading venue, and no sale has been confirmed.
The move came amid increased attention on old wallets after a Coldcard firmware flaw prompted Coinkite to urge users to transfer funds. Still, there is no known connection between the 2011 wallet and the Coldcard issue, as the address predates the hardware wallet by several years. Meanwhile, Santiment data shows that larger Bitcoin holders—wallets with 10 to 10,000 BTC—have accumulated an additional 0.34% since July 29, while retail wallets with less than 0.01 BTC reduced their balances by 0.59%. This divergence suggests that whales are quietly building positions in the $63,000–$65,000 range, even as smaller participants exit.
