Overview
- Arkham Intelligence tracked roughly 176 transactions that consolidated about 33.7 BTC, worth around $3.14 million, into a fresh Bech32 wallet starting with bc1qn and reported to end in z7ga54.
- The labeled cluster retains approximately $38.3–$38.4 million in Bitcoin, with only the transferred amount now sitting in the new address.
- This week’s activity is the most substantial linked to these addresses in five years, following only a handful of small test transactions earlier in 2025.
- The wallets are tagged as connected to Silk Road and allegedly to Ross Ulbricht, whose January pardon by President Donald Trump refocused attention on legacy funds.
- Ownership of the receiving wallet and the reason for the moves remain unresolved, as analysts note the U.S. has already seized at least $3.36 billion in Silk Road Bitcoin and continue to monitor for further transfers.