2011 Bitcoin Wallet Moves $3.2M Toward FalconX Address — SkimNews
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- Galaxy Research tracked the transfer of 49.97 BTC from a wallet that received the coins July 16, 2011 when bitcoin traded around $10; the transaction was included in block 961331 at 20:14 UTC on Aug 6.
- The destination SegWit address had previously sent 6.336 BTC and 16.131 BTC to addresses labeled as FalconX deposits on Arkham, and has also received funds from Nexo hot wallet and Prime Trust custody wallets.
- As of Friday morning, the 50 BTC remained in the receiving address — there is no on-chain evidence the dormant coins have been sold, sent to FalconX, or moved to another exchange.
- The 2011 stash has appreciated roughly 6,500x from its $10 original price to bitcoin's current ~$65,178 level, having survived more than a decade of booms, crashes, and exchange failures.
- The movement comes amid a Coldcard hardware wallet exploit that has seen attackers sweep up to $114 million from vulnerable wallets since July 30, prompting long-term holders to reexamine old storage setups — though there is no evidence linking the 2011 wallet to that flaw.
- The transaction combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses, sending exactly 50 BTC to the SegWit destination and a dust output of about 0.00116 BTC.
Why it matters: For market watchers, even a single ancient-coin movement toward an address tied to a prime brokerage is worth flagging — if the 50 BTC ultimately lands at FalconX, it would add sell-side liquidity from a holder sitting on a multi-thousand-x unrealized gain. For long-term holders, the more urgent driver behind the on-chain shuffle is the Coldcard exploit (up to $114M swept since July 30), which is pushing dormant wallets onto the chain as owners check whether decade-old key setups still hold.
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