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Onchain data shows 793.36 sleeping bitcoins changed hands between May 1 and May 3, 2026, with a notable portion traced back to wallets that had not moved coins since 2011.
According to btcparser.com statistics, the last three days of May included 62 spent outputs from dormant coins across the Bitcoin network. Of those, 56 outputs originated from coins created in late 2016, representing roughly 600 BTC of the total spent.
Most of the 2016-linked outputs moved on May 2 and May 3, with single-transaction amounts ranging from a fraction of a bitcoin to more than 26 BTC.
Two outputs created in 2011 were spent on May 1, totaling 130.02 BTC. One output came from a wallet holding 110 BTC, with coins dating back to June 13, 2011. The other output was 20.02 BTC, traced to July 6, 2011. Together, these transactions represent about 16% of the total BTC moved this month.
A third early-era transaction, from a 2012 output, moved 11.36 BTC on May 1. The coins had been acquired on Sept. 28, 2012. A 2013 output dated Sept. 11, 2013, contributed another 11.77 BTC on May 3.
Two 2014 dormant bitcoin spends also moved in May so far. Coins obtained Aug. 16, 2014, moved 10.07 BTC, while a March 20, 2014 output contributed 30.41 BTC. Combined, 2014 wallets sent about 40.48 BTC.
Activity accelerated on Sunday. Of the 62 total outputs, 4 cleared on May 1, 8 on May 2, and 50 on May 3. The May 3 spike accounted for the bulk of the volume and aligned with bitcoin trading at higher prices over $79,000 as of 7 p.m. ET.
The 2016 cohort drove most of May’s volume. Examples cited include sleeping coins from Dec. 10, 2016, Dec. 7, 2016, and Nov. 27, 2016, with individual outputs ranging from 0.01 BTC to more than 26 BTC per transaction. Two of the larger single spends from that batch totaled 26.28 BTC and 24.32 BTC.
A substantial portion of the 2016-era addresses transitioned from legacy wallets into newly formed P2WPKH (Pay-to-Witness-Public-Key-Hash) addresses. In a comparable move, the 2011 wallet was also migrated to a new and unidentified P2WPKH destination.
It remains unclear whether these coins have been liquidated, are poised for sale, or are being reorganized into more modern address structures.
Overall, the data indicates that 793 BTC moved over 72 hours, including coins from addresses that were active more than a decade ago. The wallets were quiet for years before this week’s activity, but the data does not confirm whether the movement reflects distribution or repositioning.
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