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Casablanca – A long-dormant Bitcoin wallet from the early days of the network showed signs of activity on March 20, drawing attention from on-chain tracking services.
The address, beginning with “1NB3ZX,” had not moved any funds since July 5, 2012. Back then, its owner acquired 2,100 BTC at roughly $6.59 per coin, for a total investment of about $13,800. At current market prices, those holdings are now worth an estimated $147 million.
The recent transaction was small. Just 0.00079 BTC, or around $56. But it was enough to signal that the wallet is active again after more than 13 years. Monitoring platforms including Whale Alert quickly flagged the movement, which is typical for addresses linked to early Bitcoin adopters.
Blockchain data shows the wallet originally received its full balance in a single transfer before remaining inactive for over a decade. That long period of dormancy, followed by a minor transaction, fits a pattern analysts often watch closely.
Such small transfers are commonly used to test access to a wallet. They allow the holder to confirm that private keys or recovery phrases still work before making any larger move. Once verified, funds are sometimes shifted to new addresses or sent to exchanges.
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This case also reflects the scale of Bitcoin’s price growth over time. The original $13,800 investment has increased more than 10,000-fold without any recorded selling activity during multiple market cycles.
Similar movements have been recorded earlier this year. In January, another wallet dating back to 2013 transferred all of its 909 BTC, worth about $85 million, to a new address.
While 2,100 BTC remains a small share of the total supply, movements from early holders are closely tracked. They can affect short-term market conditions, especially if larger transfers follow.
For now, only a small test transaction has been confirmed. The rest of the balance remains untouched.
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