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Will These Satoshi-Era Dormant Wallets Impact Bitcoin Next Rally? Coingape 3 weeks ago

Will These Satoshi-Era Dormant Wallets Impact Bitcoin Next Rally? 📈

Data from crypto monitoring services reveals that five Satoshi-Era wallets, inactive since 2009, have transferred a total of 250 Bitcoin, valued at approximately $15.9 million. Each wallet had originally accumulated 50 BTC as block rewards, a common practice in the early days of Bitcoin when mining difficulty was significantly lower.

The reactivation of these wallets raises questions about their potential impact on Bitcoin's next rally, as the market speculates on the reasons behind the sudden activity of these long-dormant addresses.

Source: coingape.com ↗

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