Wallet that stayed dormant for 10 years has shoveled $96 million worth of Bitcoins
Chinese crypto journalist and blogger Colin Wu, who covers everything with cryptocurrencies, blockchain and regulation, has shared that a wallet that was dormant for almost nine years moved a little over 5,000 BTC of its contents to a new wallet. done.
At the present exchange rate, this amount of crypto comprises $101,269,500. Wu obtained this data from Bitinforcharts website and shared a link in his tweet.
Over the years, dormant purses have been waking up after being “asleep” for 7-10 years. Some of these wallets were set up when the mysterious bitcoin creator Satoshi Nakamoto was still around after launching bitcoin.
In the past, traders were afraid that such movements of large BTC amounts would push the coin’s price down. However, these transfers proved to be “innocent” for the crypto market, and the price was not impacted.
As covered by U.Today, earlier this month, on August 2, a total of 1,110 BTC were transferred from an anonymous wallet that had been dormant for eight years.
Wu also tweeted that there are three other BTC addresses of the same origin. Two of them hold 5,000 Bitcoins each, and the third one contains 6,071 BTC. Crypto from these addresses have not been transferred yet.
