The Top 100 “Dusties Bitcoin Addresses” Hold More Than $88 Million Worth of BTC

Dusty addresses refer to wallets that contain “minuscule amounts” of Bitcoin

The top 100 “dustier Bitcoin addresses” have seen their BTC holdings increase by over 530 BTC since the start of 2023, now accumulating more than $88 million.

These “dusty addresses,” as they’re called, are wallets that hold “minuscule amounts” of Bitcoin BTC $64,716 (

BTC

$64,716

These addresses collectively hold a total of about 1,380 BTC, as per data from BitInfoCharts.

Over the total period since January 2010, these addresses have processed more than $139 million in transactions, the chart shows.

Interestingly, many of the smaller addresses are relatively new, with nine of the top ten having received their first transaction later than March 2023. The newest in the top 100 is only five months old.

The top wallet among these is an address controlled by the Huobi crypto exchange, holding 12.46 BTC, currently valued at about $792,000. This address has transacted more than 1.59 million transactions, accounting for 0.77% of all Bitcoin transactions.

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Seventy-eight of these addresses belong to F2Pool, a Bitcoin mining pool. The largest among them holds 2.47 BTC, currently worth about $172,737. The rest are believed to be owned by a mix of retail and institutional investors, and it’s nearly impossible to tell the two apart.

According to BitInfoCharts, 82 of the top 100 haven’t seen a transfer in or out of the wallet in 2024.

Related: BTC price all-time high in July? 5 things to know in Bitcoin this week

Bitcoin address holdings

The number of Bitcoin wallets has been on a steady rise, with a 5.5% increase in total addresses since the start of the year. As per data from Glassnode, there were about 1.3 Bitcoin wallets as of July 14.

However, considering that some of them are inactive, inaccessible, or empty, the number of active Bitcoin wallets with an existing balance (non-zero) in them narrows down to around 44 million addresses.

Non-zero addresses refer to accounts holding a balance greater than zero, indicating active participation and engagement with the Bitcoin blockchain. This number has seen a steady increase over the last year, suggesting growing confidence in the network and the overall strength of the cryptocurrency ecosystem.

This serves as a positive indicator for the future trajectory of Bitcoin and its potential for further adoption.

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

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