Dormant Bitcoin Whale Transfers $25M BTC After Stash Skyrocketed Over 240,000% In 11 years
Portfolio Pulse from Mehab Qureshi
A dormant Bitcoin (BTC) cache that had been inactive since 2012 has been activated. The Bitcoin, which appreciated over 240,000%, was moved through a series of transactions. The transactions involved moving 199.99 BTC, 185.12 BTC, 97.41 BTC, 276.22 BTC, and 151.15 BTC, totaling 24.48 million worth of BTC. The identity of the Bitcoin whale remains uncertain.
September 20, 2023 | 4:02 am
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NEUTRAL IMPACT
A dormant Bitcoin cache has been activated, moving a total of 24.48 million worth of BTC. This could potentially impact the Bitcoin market.
The activation of a dormant Bitcoin cache and the movement of a large amount of BTC could potentially impact the Bitcoin market. However, the exact impact is uncertain due to the unknown identity of the Bitcoin whale and the potential for market volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100