15,965 BTC Linked to Prince Group Chairman Chen Zhi Moved After Three-Year Inactivity

Key Takeaways15,965 BTC connected to Prince Group Chairman Chen Zhi were moved on October 22, marking their first transfer in three years.The wallets are under sanctions and not part of the 127,000 BTC previously seized by the U.S. government.The movement has drawn market attention amid heightened on-chain activity involving dormant Bitcoin addresses.Dormant Prince Group Wallets ReactivateAccording to PANews, on October 22, 15,965 BTC tied to sanctioned wallets reportedly linked to Prince Group Chairman Chen Zhi were moved for the first time in three years.Blockchain analysts noted that these addresses had been inactive since 2022, and their sudden reactivation could indicate internal asset restructuring or risk management activity related to regulatory pressure.Not Connected to U.S. Seized BitcoinsPANews emphasized that these wallets are unrelated to the 127,000 BTC seized by U.S. authorities, which originated from separate criminal and fraud investigations.The transfer adds to growing on-chain movements of previously dormant wallets, coinciding with recent volatility in Bitcoin’s price and heightened institutional flows.