A once-dormant Bitcoin wallet has moved more than $250 million in cryptocurrency after eight years, catching the attention of blockchain analysts.
Return of the Crypto Whale
According to Arkham Intelligence, a previously inactive crypto whale has transferred Bitcoin valued at over $250 million. This wallet had remained idle for more than eight years.
The Major Deal's Story
The wallet's early transactions occurred about eight years ago when Bitcoin was approximately $1,000. Recent shifts in funds took place in two stages, each involving about 3,000 BTC.
Awakening of Old Wallets
The revival of long-held Bitcoin wallets is a rare event, highlighting the vast fortunes accumulated by early adopters who retained their assets through numerous market cycles.
The awakening of old Bitcoin wallets reflects significant shifts in cryptocurrency value and underscores the market opportunities experienced by early investors.
