$230 million Bitcoin transfer from addresses dormant for 5 years

On the day the Fed decision was announced and MicroStrategy made new purchases, questionable transfers were made from 3 whale addresses. Accounts that have been dormant for 5 years sent 6500 Bitcoins to new addresses.

$230 million Bitcoin transfer from addresses dormant for 5 years

The 3 whale addresses, which have been dormant for about 5 years, have made transfers totaling $230,000,000.

All BTC at the 3 Bitcoin addresses were last transferred to their wallets on November 5, 2017. These addresses, which have been dormant since then, transferred a total of 6500 BTC to new addresses yesterday according to the UTC time zone.

One of the wallets untouched for 5 years. Source: BitInfoCharts

It is not known whether such transfers are made for sale or not. In general, transfers are sent to new types of wallets due to security vulnerabilities in old wallets. In August, a wallet from the period when Satoshi Nakamoto was actively working on Bitcoin moved for the first time in about 13 years.

Bitcoin, which exceeded $35,600 yesterday, dropped to $35,100 after these transfers came. The largest cryptocurrency is trading around $35,300 at the time of writing.

Leave a Comment