Dormant Bitcoin Wallets Reactivate with Significant Transfers

11/18/2024 2:47:00 AM

According to Spot On Chain, a Bitcoin wallet containing 400 BTC, valued at $35.8 million today, has become active after 12 years of inactivity. This wallet, along with two others, has made notable transactions, including depositing 200 BTC, worth $17.9 million, to the Bitstamp exchange and transferring 351 BTC, valued at $31.5 million, to a new wallet. These actions have resulted in a total movement of 600 BTC, signaling potential market implications. (Source)

Bitcoin BTC wallet Bitstamp Spot On Chain

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