WHAT IS GOING ON 🆘️
After Sleeping for more than five years 8000 BTC moved to Binance
A bitcoin wallet that has been dormant since 2018 has moved 8,000 BTC (over $535 million) to Binance.
The coins were purchased at the bottom of the bear market phase in December 2018 at a rate of $3800. In total, they cost the investor more than $30.4 million.
According to an April report by Chainalysis and Fortune, 1.75 million bitcoin wallets have been inactive for more than 10 years. They hold 1,798,681 BTC (~$121 billion at the time of the report's release), representing 8.5% of total issuance.
This count does not include about 30,000 addresses associated with the creator of the first cryptocurrency, Satoshi Nakamoto.
Recall that in May, two wallets that had been dormant for more than 10 years transferred 1,000 BTC (~$61 million) to new addresses.