A Bitcoin wallet that had been inactive for more than a decade has suddenly become active, capturing the attention of the cryptocurrency community. The wallet, holding approximately 400 Bitcoin valued at $27.28 million, resurfaced on October 25, 2024.
This event was reported by the blockchain-based transactions tracker Lookonchain on X (formerly Twitter), sparking discussions about the potential reasons behind the wallet's reactivation.
The market is speculating whether this large holding will be sold, potentially impacting Bitcoin's price dynamics, especially as the market shows signs of recovery.