Bitcoin’s top 100 ‘dusty’ wallets hold more than $88M in BTC

Bitcoin's top 100 'dusty' wallets hold more than $88M in BTC


As of January 2023, the top 100 “dust bitcoin addresses” hold more than $88 million worth of BTC, accumulating more than 530 BTC.

Dusty addresses refer to wallets that hold “small amounts” of Bitcoin (BTC).

According to data from BitInfoCharts, these addresses hold a total of 1,380 BTC.

Bitcoin Dust (≤0.0001BTC). Source: BitInfoCharts

The chart above shows that these addresses have processed over $139 million in transactions since January 2010.

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Interestingly, many of the smaller addresses are relatively new, with nine of the top ten receiving their first transaction after March 2023.

Among them, the top wallet is an address controlled by the Huobi crypto exchange. It holds 12.46 BTC worth $792,000 at the current price. This address has made over 1.59 million transactions, representing 0.77% of all Bitcoin transactions.

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Bitcoin Address 1HckjUpRGcrrRAtFaaCAUaGjsPx9oYmLaZ Source: BitInfoCharts

Seventy-eight of these addresses belong to F2Pool, a Bitcoin mining pool. The largest among them is 2.47 BTC worth $172,737. The rest is believed to be a mixture of retail and institutional investors and it is almost impossible to tell the difference between the two.

According to BitInfoCharts, 82 out of 100 will never see a transfer out of a wallet by 2024.

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Bitcoin address holders

Since the beginning of the year, the number of Bitcoin wallets has increased by 5.5% in total addresses and is constantly growing. According to data from Glassnode, there are about 1.3 Bitcoin wallets as of July 14th.

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Number of Bitcoin addresses. Source: Glassnode

Taking into account that some are inactive, unreachable or simply empty, the current number of Bitcoin wallets with a (non-zero) balance is reduced to 44 million addresses.

Non-zero addresses refer to accounts with a balance greater than zero, indicating active participation and engagement with the Bitcoin blockchain. This number has steadily increased over the past year, indicating growing trust in the network and the overall strength of the crypto ecosystem.

This serves as a positive indicator of Bitcoin's future direction and potential for continued adoption.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.

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