Anonymous address sends 'HODL' inscription to US government address

IconCryptoNewsTerminal Staff30 Jul, 2024

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Anonymous address sends 'HODL' inscription to US government address

Blockchain analytics firm ARKAM has reported that an anonymous address sent a Bitcoin inscription that reads 'HODL' to a US government address that was previously linked to the DarkWeb Silk Road, when it transferred 29,800 BTC ($2 billion) to an anonymous address, early on 30th. The inscription, which is a permanent record on the Bitcoin blockchain, is a nod to the popular cryptocurrency trading strategy of holding onto an asset for the long term, rather than selling it for a quick profit. It is not clear why the anonymous address sent the 'HODL' inscription to the US government address, but it is possible that they were trying to send a message or make a statement. The US government has been cracking down on cryptocurrency crime in recent years, and it is possible that the anonymous address was trying to show that they are not afraid of the government. It is also possible that the anonymous address was simply trying to have some fun and troll the government. Whatever the reason, the 'HODL' inscription is a reminder that the Bitcoin blockchain is a public ledger that can be used to send messages and make statements.

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