Cryptocurrencies

    Dormant Bitcoin wallets awakening and moving millions

    Article Image

    Latest onchain data indicates that a Bitcoin wallet, inactive for over a decade, moved 115.50 BTC valued at $4.84 million on Jan 27, 2024.

    This wallet was set up on Aug 28, 2013 and had no activity until now.

    Additionally, on the same day, two other dormant Bitcoin accounts from 2017 broke their inactivity.

    They executed transactions moving a whopping total of 218.49 BTC which is equivalent to $9.16 million.

    These transactions mark a significant movement in idle Bitcoin wealth.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa