The Huobi crypto exchange owns the top wallet among the “dustiest Bitcoin addresses,” holding 12.46 BTC valued at approximately $792,000. This wallet has conducted over 1.59 million transactions, marking 0.77% of all Bitcoin transactions. In total, the top 100 dustiest addresses have accumulated over 530 BTC since January 2023, amounting to more than $88 million.
Key Insights on Dustiest Bitcoin Addresses
Data from BitInfoCharts reveals that these addresses have processed over $139 million in transactions since January 2010. Notably, many of these small addresses are relatively new. Nine of the top ten received their first transaction after March 2023, with the newest among the top 100 being just five months old.
Seventy-eight addresses are associated with F2Pool, holding 2.47 BTC worth about $172,737. The rest likely involve a mix of retail and institutional investors.
Also Read: Huobi’s Troubles: Huge Outflows and Financial Instability Claims
Inactivity and Growth Trends
BitInfoCharts data shows that 82 of the top 100 dustiest addresses remained inactive in 2024. Despite this inactivity, the total number of Bitcoin wallets has increased by 5.5% since the beginning of the year, reaching approximately 1.3 billion. About 44 million of these wallets have a non-zero balance.
The steady rise in non-zero Bitcoin addresses indicates growing confidence in the Bitcoin network and the broader cryptocurrency ecosystem. This trend suggests a positive outlook for Bitcoin’s future trajectory and its potential for widespread adoption.
The data on dustiest Bitcoin addresses highlights significant activity and growth within the Bitcoin network. With major players like Huobi and F2Pool leading the way, the increasing number of active wallets and non-zero balance addresses suggests a robust future for Bitcoin.
