2024

Bitcoin

Million

In a significant development within the cryptocurrency sphere, a dormant Bitcoin whale that had remained dormant for over ten years has suddenly sprung back to life.&nbsp; 
According to <a href="https://whale-alert.io/transaction/bitcoin/605c67609ba71c3e707fc73af52a94a982cbd039315ea7beb85e99de59be7402" target="_blank" rel="noreferrer noopener">data</a> from Whale Alert, a Bitcoin address established in July 2011, which had remained inactive since its creation, has now moved 687.33 BTC, valued at over $43.89 million. 
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 💤 💤 💤 💤 💤 A dormant address containing 687 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> (43,893,168 USD) has just been activated after 10.3 years!<a href="https://t.co/l31uAyadYZ" target="_blank">https://t.co/l31uAyadYZ</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1787330674359144931?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 6, 2024</a>
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The reactivated whale distributed 625.42 BTC to one undisclosed address (bc1…..zuu) and 61.9 BTC to another (bc1…0f4), igniting considerable interest within the crypto community.&nbsp; 
The sudden activity of a long-dormant Bitcoin whale from the Genesis block era has sent ripples through the crypto community. With over $43 million worth of Bitcoin moved speculations abound regarding the intentions behind this move.&nbsp; 
The distribution of undisclosed addresses has intensified curiosity, fueling discussions on potential market impacts and the motivations of the anonymous whale. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/03/21/crypto-whale-moves-42-8m-eth-to-binance/" target="_blank" rel="noreferrer noopener">Crypto Whale Moves $42.8M ETH to Binance</a> 
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10-Year-Old Dormant Bitcoin Whale Awakens, Moves $43.89 Million

The Crypto Times

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