Kwon Do-hyeong Makes First Bitcoin Transfer in Four Months
CryptoNewsTerminal Staff03 Sep, 2024
Kwon Do-hyeong Makes First Bitcoin Transfer in Four Months
Kwon Do-hyeong, the founder of Terraform Labs (TFL), has transferred 1,075 Bitcoins (BTC) from his wallet to an anonymous wallet. This is the first transfer from this wallet in about four months since May 22, 2024. The transfer, which is worth approximately 85.2 billion won, was first reported by Digital Asset. The purpose of the transfer is unknown, but it has sparked speculation about Kwon's future plans. Some believe that the transfer could be a sign that Kwon is planning to sell his Bitcoin holdings. Others believe that he may be moving his Bitcoin to a more secure wallet. Whatever the reason for the transfer, it is clear that Kwon is still a major player in the cryptocurrency market. His actions will continue to be closely watched by investors and analysts alike.
