According to btcparser.com stats, a growing number of so-called ‘sleeping’ bitcoin addresses have been springing back to life during the current bull phase. In May alone, 29 wallets originally established in 2013 have transacted so far.

Source: btcparser.com

Notably, 12 of those reactivated just yesterday, when a single holder transferred 300 coins for the first time in well over a decade. Each of the 12 originated from P2PKH (Pay-to-PubKey-Hash) addresses generated in February and March 2013.

Each of the wallets transmitted 25 BTC between blocks 897762 and 897766, directing the funds to a P2WPKH (Pay-to-Witness-Public-Key-Hash) multi-signature wallet tagged “bc1q688.”

From that point, the coins were splintered into significantly smaller denominations and distributed across a wide array of P2WPKH addresses. Some of which are tagged by Arkham Intteliggence as being linked to Wintermute. According to Blockchair, the initial transactions earned a privacy rating of approximately 60 out of 100.

The sender employed the “send everything” function, likely to either facilitate payment or transition the holdings into a different wallet format using a single input. At the time of acquisition, those bitcoins were valued at roughly $24.65 per BTC, placing the total cache at just $7,395.

Since then, the entity’s holdings have appreciated by approximately 450,304%, marking an extraordinary leap in value over the intervening years.

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