Whale Withdraws 25 BTC From Exchange After 11-Year Hibernation
CryptoNewsTerminal Staff03 Jun, 2024
Whale Withdraws 25 BTC From Exchange After 11-Year Hibernation
The movement of a significant amount of Bitcoin (BTC) by a dormant whale has caught the attention of crypto enthusiasts. According to on-chain data, a wallet that had been inactive for 11 years recently transferred 25 BTC to an unknown address. The massive transaction has sparked speculation about the reasons behind the whale's sudden awakening. Some experts believe that the individual may be preparing for a major market move, while others suggest that it could be a sign of increased confidence in the long-term prospects of Bitcoin. Regardless of the motivation, the transaction highlights the continued presence of large holders who are willing to hold onto their BTC for extended periods.
