After 2 years, Tesla wallets are active again. Cryptocurrency investors may be on the verge of a bad surprise as BTC rises again. What does wallet activity mean? What awaits cryptocurrency investors in the coming hours? Here are the details.
Will Elon Musk Sell Bitcoin?
Yes, probably. About 19 minutes ago, the Bitcoin wallets of Tesla, owned by Elon Musk, became active. Small transfers were made to new addresses. This reminds us of one thing. Before large transfers, corporate companies and even individual whales send small amounts of assets to the address. When they see that the BTC has successfully arrived, they make the actual transfer.
If Tesla made this transfer, two meanings can be derived from it.
He will distribute his 11,509 BTC to different addresses.
Will sell $767 million worth of BTC.
Since the recipient addresses are empty, two inferences can be made.
Preparing for transfer to Coinbase Prime or one of the new addresses opened by different OTC sales or exchanges.
Tesla created new wallets (maybe new cold wallets).
We will probably find out what the purpose is in the next 1-2 hours.
