The top 100 “dustiest Bitcoin addresses” hold $88 million worth of BTC, accumulating more than 530 BTC since January 2023.
A dusty address refers to a wallet that contains a “tiny amount” of Bitcoin (BTC).
According to data from BitInfoCharts, this address holds a total of approximately 1,380 BTC.
The chart above shows that these addresses have processed over $139 million in transactions since January 2010.
What’s interesting is that many of the smallest addresses are relatively new, with 9 of the top 10 receiving their first transaction after March 2023. The newest address in the top 100 is just 5 months old.
The highest wallet among them is an address managed by the Huobi cryptocurrency exchange. It holds 12.46 BTC, which is equivalent to about $792,000 at the current exchange rate. This address has processed over 1.59 million transactions, which accounts for 0.77% of all Bitcoin transactions.
Of these addresses, 78 belong to F2Pool, a Bitcoin mining pool. The largest of these holds 2.47 BTC, worth about $172,737. The rest are believed to be a mix of retail and institutional investors, making it nearly impossible to tell the difference between the two.
According to BitInfoCharts, 82 of the top 100 have not made a single deposit or withdrawal from their wallets in 2024.
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Bitcoin address holdings
The number of Bitcoin wallets is steadily increasing, with the total number of addresses increasing by up to 5.5% since the beginning of the year. According to data from Glassnode, there are about 1.3 Bitcoin wallets as of July 14.
Taking into account that some addresses are inactive, inaccessible, or simply empty, the number of active Bitcoin wallets with a non-zero balance drops to around 44 million.
Non-zero addresses are accounts with a balance greater than zero, indicating that they are actively participating and engaging with the Bitcoin blockchain. This number has been steadily increasing over the past year, suggesting growing confidence in the strength of the network and the cryptocurrency ecosystem as a whole.
This serves as a positive indicator for the future direction of Bitcoin and its potential for further adoption.
This article does not contain any investment advice or recommendations. All investment and trading moves involve risk, and readers should conduct their own research when making decisions.