Silent Bitcoin Wallets From 2011 Spring To Life, Transact $230M In Crypto Mystery
Portfolio Pulse from Khyathi Dalal
Three dormant Bitcoin (CRYPTO: BTC) wallet addresses from 2011 transferred 6,500 BTC, worth $230 million, to new addresses. The wallets are likely linked to early miners connected to the F2Pool bitcoin mining pool. This comes amid significant wallet-draining operations and Bitcoin prices rallying, driven by optimism about the potential approval of a spot Bitcoin ETF.
November 02, 2023 | 9:41 pm
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NEUTRAL IMPACT
The transfer of a significant amount of Bitcoin from dormant wallets could potentially impact the price of Bitcoin in the short term.
The transfer of a large amount of Bitcoin from dormant wallets to new ones could potentially cause fluctuations in the price of Bitcoin. However, it's uncertain whether this will lead to a price increase or decrease.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100