Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions
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In recent days, as Bitcoin surged past $60,000 after dipping below $50,000 on Monday, Aug. 5, several dormant Bitcoin transfers have been observed. These transfers originated from wallets established in 2013. One notable instance involved an individual moving 250 BTC, valued over $15 million, from an address created on May 12, 2013.
The sudden activity of these long-inactive wallets has sparked curiosity and speculation within the cryptocurrency community. Analysts are closely monitoring these transactions to understand the potential impact on the market.
Such movements of significant amounts of Bitcoin from old wallets often lead to various theories, ranging from early adopters cashing out to possible security concerns or even lost private keys being recovered. This activity reminds the community of the longevity and mysterious nature of Bitcoin holdings.
Source: news.bitcoin.com ↗
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