Oldest Bitcoin wallets are stirring after years of inactivity.
Bitcoin wallets that have been dormant for over a decade are suddenly waking up, moving millions of dollars worth of Bitcoin. This has caused a stir in the crypto world, as analysts speculate about the reasons behind these moves.
Big Moves
- One wallet, inactive for 10.6 years, moved 25 Bitcoin, worth about $1.43 million today. This wallet originally bought the Bitcoin in 2013 for $20,399, meaning the owner has seen a massive return on their investment.
- Another wallet, inactive for 11.3 years, moved 24 Bitcoin, worth about $1.44 million.
- A third wallet, also inactive for 10.6 years, moved a whopping 149 Bitcoin, worth about $8.6 million.
Combined, these wallets moved over $11 million worth of Bitcoin.
What’s Going On?
While the exact reasons for these moves are unknown, analysts believe they could be linked to a recent sell-off in the Bitcoin market. Last month, large Bitcoin investors (often called “whales”) sold off a significant amount of Bitcoin, causing the price to drop.
Some analysts believe that these recent wallet activations are a sign that these old Bitcoin holders are taking advantage of the recent price dip to sell their holdings. Others believe they may be simply moving their Bitcoin to different wallets for security reasons.
Bitcoin Price
Bitcoin is currently trading at around $57,933, up slightly in the last 24 hours.
Important Note:
This information is for general knowledge only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
