Bitcoin Whales Activate 10-Year Inactive Wallets, Transfer 1,000 BTC

Sunday, 12 May 2024, 13:42
Long-term Bitcoin holders activated dormant wallets after 10.7 years, moving 1,000 BTC worth over $60 million. The sudden whale activity raises speculations on possible BTC price impacts and signals an interesting market development. Observing dormant whales' movements could offer insights into future Bitcoin trends and market dynamics.
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Bitcoin Whales Activate 10-Year Inactive Wallets, Transfer 1,000 BTC

Bitcoin Wallet Activity:

Bitcoin long-term holders recently moved 1,000 BTC worth over $60 million from two inactive wallets that remained dormant for 10.7 years.

Whale Transactions:

  • Two dormant addresses moved 500 BTC each, indicating a significant transaction.
  • The swift spending within a short interval suggests a single entity controlled both wallets.

The recent Whale Alert and Lookonchain reports highlighted the sudden whale activity and its potential impacts on Bitcoin's market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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