Tagging dead addresses

General
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A great deal of the Top 100 Peercoin addresses are presumed dead (lost etc). I am proposing that we (as a community) tag as many as possible for transparency. Peercoin currently only has 1 tagged address ‘Bittrex’ (Number 16 on the Rich List) on cryptoID explorer. PeerCoin Explorer

Some addresses are known by the community such as Peercoin Foundation and Wrapmeister. Some are thought to be Poloniex, BTC-e etc.

There should be quite a few addresses that could be tagged with a little bit of research. Below are some tools that can be run to help gather information. Using these tools along with some cross referencing with internet and forum searches we may find with quite a few to tag. Once this info is collected and the community agree which addresses can be tagged we can get this actioned fairly easily.

To get this started we will need someone confident enough to run 1 of these programs and share their findings here. The community can then start cross referencing each address if needed. I understand there is a bit of time involved with running this program so I am offering 200 PPC to the volunteer.

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Back in summer of 2019 we went to explore #2 address. @backpacker69 ran this software (modified to support peercoin of course).

These were the findings:

Peerchemist, [6/5/19 2:17 PM]
What are the evidence for the second?

Shamil Randuev, [6/5/19 2:17 PM]
it’s sent from btce wallet on day btce admin got banned on trollbox

Shamil Randuev, [6/5/19 2:18 PM]
red admin

Shamil Randuev, [6/5/19 2:21 PM]
Биржа WEX

In the same conversation, bp says that #1 looks like an early miner, but there are a lot of inputs and outputs so it may be a hot exchange address.

Scrolling further through my message history…

This info about btc-e coins was shared with someone I used to work with back in a day, who is deep in crypto business, and they commented that in any case those coins will never move because they are likely either seized by three letter agencies or heavily monitored by three letter agencies. They are literally unspendable, “tainted coins”.

I fully support this endeavour. Even without the tools linked above, it can probably be done manually, using just a block explorer.

Cross-comparation with other blockchains, which were in similar situation(s) during the final moments of btc-e could also be useful.

For example, namecoin, which was pretty much pegged to peercoin by btc-e bots, also had a massive chunk of supply at the exchange. A seemingly huge chunk of that balance ended up at the similarly looking two addresses.

Compare the dates when these two addresses were first funded, and compare it to the top two at peercoin. A lot of factors match.

You can probably find similar address(es) on litecoin too. But they most likely won’t be top 2 as litecoin has a different internal supply/ownership dynamics.

https://www.reddit.com/r/Namecoin/comments/edpjae/1_address/

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The cool thing about blockchains is that they are public, you can deduce a lot just by having a look at public data.

Generally, about dead addresses. There are a number of big addresses which were basically early miners. They accumulated a bunch of peercoin in the early days of mining, and they never really got into peercoin. It is useful to see peercoin minining, especially the early peercoin mining, as an airdrop to bitcoin miners. At the time, most bitcoiners were actually miners, there were few of other people around. Peercoin was basically given to these people in huge quantities, it came for almost free. A lot of them did not bother much about this new “altcoin” as bitcoiners say, and they just let it rot.

For example, this address: PeerCoin address PQVZET3gyiepYeYcUJJDFhp1asgF99PK7R

Clearly an early miner, got ~200k from early PoW rewards. Sat on them, tried minting. Minted actively for ~6 months (until April '13). Stopped, went away. Came back after a year, in the summer of '14. Minted a single block. Closed a client and never touch it again. How likely is it that this person still holds the wallet.dat, after over a decade later? Eh, not likely at all. Especially if they sit on tens of thousands of bitcoin they likely do on the side.

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I spent some time today going through the addresses connected to address #2 PR5KAV1aTkHuscQ6FmdGEM7abGwfAAWwr5.

This is believed to be coins left over from Btc-e/Wex. If you search this address on Google, you can find some evidence that this is true, aside from what Peerchemist already posted above.

Anyway, I decided to put together the following map showing all the addresses being used around 2018 when Wex shut down. You can see balances and which addresses PPC were being sent to.

Btc-e - Wex Address Map2
Btc-e - Wex Address Map21768×946 101 KB

Am I correct in thinking that address #11 also belongs to Btc-e/Wex? From what I can see, 807,606.86 PPC were transferred to address #11. 500,000 PPC were then transferred out of it to the address ending in EsG. 307,606.86 PPC were left behind in address #11 and never moved again.

Here are links to all of these addresses in case you want to check for yourself…

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Yeah, it seems you are right about P9WAwyxZdtMSt7SCeWrmsd3TCJXc5BZd7h

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When I made the chart yesterday P9WAwyxZdtMSt7SCeWrmsd3TCJXc5BZd7h was address #10, but it seems that the Wrapmeister multisig has surpassed it overnight and bumped it down to #11, so I’ve updated the post above to reflect that.

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The Foundation, Wrapmeister and two Btc-e addresses have been tagged.

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Thanks @Sentinelrv. This might be a work in progress. The more tags the better IMO.

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I’ve noticed a new term getting thrown around… “accumulator addresses”—wallets with no history of selling
The term “accumulator addresses” is a recent development, with a surge in its usage noted in mid-2025 to describe wallets that consistently accumulate Bitcoin without selling, a concept associated with high-conviction holders like long-term investors and institutions. While the underlying behavior of accumulating Bitcoin has been present since the network’s inception, the specific terminology and widespread recognition of “accumulator addresses” appears to be a more current trend in Bitcoin analysis.

It’s a bit of a long stretch but I wonder if the explorer would let us tag some addresses as “Accumulators”. All addresses in the top 100 (or top 50) with no history of selling in the past 10 years?

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Nothing but the Marketing Hype. Praying on newbies…

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“Marketing hype” is something Peercoin lacks. If the product is good then marketing is not a bad thing.
I would call it ‘educating’ new investors. The addresses are either dead or accumulating. The truth is they haven’t sold in 10 years.

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