Bitcoin Whale Moves Millions After 10-Year Dormancy
Whale Alert has flagged significant activity among long-dormant Bitcoin (BTC) wallets recently.
The platform noted a wallet containing 25 BTC ($1.43 million) that came to life after 10.6 years, alongside another with 24 BTC ($1.44 million) reactivated after 11.3 years.
Additionally, a whale moved 149 BTC ($8.6 million) after 10.6 years of inactivity. These transactions totaled approximately $11 million in BTC movements.
READ MORE: Experts Predict Bitcoin Could Hit $100,000 by Year-End Despite Market Challenges
Notably, last month witnessed large BTC holders offloading 50,000 BTC ($3.3 billion) over just 10 days.
Concurrently, Bitcoin miners sold 1,200 BTC ($79.20 million), which contributed to a notable price correction in the flagship cryptocurrency.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
