25 BTC Transferred from Inactive Address After Over a Decade

IconCryptoNewsTerminal Staff12 Jul, 2024

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25 BTC Transferred from Inactive Address After Over a Decade

Whale Alert, a blockchain tracking service, reported the movement of 25 BTC from a dormant Bitcoin address that had been inactive for 10.6 years. This transaction has sparked interest and speculation within the crypto community, as such a large amount of BTC being transferred from an address that has been inactive for so long is a significant event. The dormant address, which had been dormant for over 3,800 days, was used to send the BTC to several different addresses. The reasons behind this transfer are still unknown, but the size and age of the transaction have made it a notable event in the Bitcoin ecosystem. This movement of BTC from a dormant address serves as a reminder that Bitcoin is still a relatively young asset class and that the long-term behavior of market participants is still being shaped.

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