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7 dormant miner wallets wake after 16.5 years, move 350 BTC worth $28M

Seven miner wallets that had been dormant for 16.5 years woke up and transferred 350 Bitcoin (BTC), worth about $28 million, about six hours ago. The miners had earned the 350 BTC through mining in March 2010.

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AI take

The awakening of wallets tied to 2010-era mining activity is notable because it injects a large, previously static supply into circulation, potentially signaling a shift in long-term holder behavior. While the motive is unclear—whether it's for sale, transfer, or custody changes—the movement itself may draw attention to the age of coins and could influence market sentiment around supply dynamics. The key watchpoint is whether this triggers further movements from other ancient wallets, which would suggest a broader trend, or remains an isolated event.

Generated by AI for reference only.

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