Suspicious $163M Worth of Dormant Bitcoins Stir Up Controversy as Historic #BTC Wallets Come Alive
Are these Bitcoin Whales secretly selling off their stash?
In a surprising turn of events, a dormant Bitcoin stash from 2015 suddenly came to life, orchestrating a series of 80 transactions and transferring a whopping 2,352.62 bitcoins, valued at over $163 million. These bitcoins had been untouched for more than eight years until the unexpected activity on March 10, 2024, caught the attention of the crypto community.
The transactions originated from wallets created in the latter part of 2015, with all 80 addresses being of the P2PKH type. Interestingly, the funds were consolidated into modern Bech32 addresses, adding a layer of complexity to the movement.
Back in 2015, when these bitcoins were initially stashed away, the cryptocurrency market was experiencing a prolonged downturn, with a single bitcoin priced at $238 on September 10. The original value of the hoard was a modest $560,000; however, at the time of the recent transfer, the funds had skyrocketed by an astounding 29,007%.
This move comes on the heels of other significant transactions, including the transfer of 3,000 bitcoins mined in 2010, making waves in the crypto space. As Bitcoin's value continues to soar, more large-scale investors are emerging from the shadows, mobilizing their assets after years of dormancy.
What could be the motivation behind the 2015
whale's decision to move these bitcoins now? Share your thoughts on this intriguing development in the comments below!
