Sleeping Bitcoin Whale Stirs After a Decade: Implications for the Crypto Market

As lawsuits against Binance and Coinbase are engaging the crypto markets, on-chain data reveals a Bitcoin (BTC) whale, inactive for just over a decade, is stirring. What does the awakening of this long-dormant whale imply? 1,432 BTC Put Into Motion! Blockchain monitor Lookonchain announced that a cryptocurrency address, inactive since April 2013, has moved 1,432 Bitcoins after lying dormant. The crypto company stated in their release: A BTC whale that’s been sleeping for 10.2 years has transferred all 1,432.93 BTC (valued approximately at $37.8 million) to a new address ‘bc1psv’ just five minutes ago. The whale acquired 1,432.92 BTC on April 9, 2013, when the price was $195.4. At the time of writing, with Bitcoin trading at $26,447, the hitherto dormant tokens gained a value of 13,435% over a decade. Throughout the decade and two months that the wallet lay idle, minuscule amounts of Bitcoin were sent to the address, […] The post Sleeping Bitcoin Whale Stirs After a Decade: Implications for the Crypto Market appeared first on COINTURK NEWS.