😳 $9 Billion Bitcoin Shocker: Mt. Gox Transfers Massive 140,000 $BTC to Mystery Address!
In a stunning turn of events, defunct Bitcoin exchange Mt. Gox has moved a jaw-dropping $9 billion worth of Bitcoin to a single unknown address, sparking major market reactions! The 140,000 BTC transfer, spread over thirteen transactions, is believed to be part of an effort to repay creditors by October 31, 2024.
Bitcoin’s price took a hit following the news, plunging 1.4% to a low of $67,680, down from a recent high of over $70,000.
For the first time in over five years, Mt. Gox wallets have come alive, transferring all their Bitcoin holdings to a new wallet. The transactions, ranging from a mere $3 to a staggering $2.2 billion, were meticulously executed, according to CryptoQuant and Bitinfocharts data.
Rehabilitation trustee Nobuaki Kobayashi reassured that no Bitcoin or Bitcoin Cash sales had occurred, emphasizing secure management of the assets. Yet, market sentiment turned bearish, with fears of increased selling pressure looming large.
Galaxy's head of research, Alex Thorn, speculated that most of the Bitcoin would remain with creditors rather than flooding the market, but the sudden activity has undoubtedly sent shockwaves through the crypto world.
Stay tuned as this story unfolds and watch how the crypto markets react to this unprecedented Bitcoin transfer!
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