Dormant Bitcoin wallets, some dating back to the Satoshi era, have sprung back to life, transferring millions of dollars worth of BTC. This activity coincides with a surge in Bitcoin’s price, reaching its highest point since early June and sparking speculation about a potential return to all-time highs.
A Bitcoin whale who has been holding their stash for over a decade has transferred $634,000 worth of Bitcoin to cryptocurrency exchange Kraken. This latest move adds to the growing trend of ‘ancient’ Bitcoin wallets coming back to life after years of dormancy. The transactions are closely watched by the cryptocurrency community as they could potentially impact the market.
