10-year-old Bitcoin sleeping giant stirs, transfers $2.6 million

IconCryptoNewsTerminal Staff03 Jul, 2024

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10-year-old Bitcoin sleeping giant stirs, transfers $2.6 million

A decade-old Bitcoin (BTC) address has woken from its slumber, sending 43.56 BTC (worth around $2.6 million) to an unknown destination. According to data from BitInfoCharts, the dormant address stirred in the early hours of today, transferring its entire balance. The movement of such a large amount of BTC from an address that has been inactive for so long has sparked speculation within the cryptocurrency community. Some believe it could be a sign of a major player in the crypto space shifting their holdings, while others suggest it could be a dormant wallet being reactivated by its owner. Regardless of the reason, the transfer serves as a reminder of the volatility and speculative nature of the cryptocurrency market.

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