Bitcoin miners who had been inactive for over a decade have suddenly transferred more than $7 million worth of BTC.
Miner Addresses Reactivated
Four miner addresses that mined 25 BTC each in 2013 became active again this week. They transferred a total of 100 BTC, which is now worth over $7 million.
Bitcoin Price Surge
The miners’ transfer coincided with Bitcoin’s recent price surge above $70,000. This may have prompted them to sell their holdings for a profit.
Memecoin Mania
A new Coinbase-funded wallet purchased 135 million GME, a memecoin inspired by the GameStop stock saga. The purchase was worth $2 million.
GameStop Stock Surge
The real GameStop stock on the New York Stock Exchange experienced a significant jump on Monday, rising from $22.91 to $40.08. However, it has since retraced to around $26.50.
