Dormant Bitcoin Whale Moves $25 Million Worth of $BTC After it Appreciated Over 240,000%
Cryptoglobe
20 Sep 2023 1:00 AM
A set of dormant Bitcoin ($BTC) from 2023 has recently moved for the first time in 11 years after appreciating by more than 240,000% from the time they went inactive in the ninth transactions this year involved previously dormant BTC....
- Dormant Bitcoin from 2023 has recently moved for the first time in 11 years.
- The funds came from different addresses, but data clustering suggests it's likely a single entity.
- The first transaction involved the movement of 199.99 BTC, followed by a transaction of 185.12 BTC.
- Other dormant BTC whales have also moved significant amounts of funds.
- The transactions coincide with FTX receiving approval to sell and invest its cryptocurrency holdings to settle its debt.
The article provides factual information about the movement of dormant Bitcoin and the approval given to FTX. No sentiment is expressed.
You May Ask
What is the significance of the dormant Bitcoin moving after 11 years?Are all the transactions involving dormant BTC from the same entity?How much were the funds worth when they went inactive in 2023?What is the current value of the Bitcoin moved in the transactions?How does FTX's approval to sell its cryptocurrency holdings affect the market?