The post Bitcoin: Mystery of the Awakened Dormant Wallet Moves $31M appeared on BitcoinEthereumNews.com.

Imagine finding a digital treasure chest you misplaced over a decade ago, only to discover its contents have multiplied in value by over 230 times. That’s essentially what happened with a Bitcoin (BTC) address that recently sprung back to life after more than 11 years of inactivity. This isn’t just any old wallet; it holds a substantial amount of BTC, making its sudden activation a notable event in the crypto market. What Happened with This Long-Inactive Dormant Wallet? The buzz started when the blockchain tracking service, Whale Alert on X, flagged a significant transaction. An address that hadn’t shown any activity for exactly 11.1 years suddenly moved its entire balance of 300 BTC. While 300 BTC might not sound like the largest single transaction you hear about, the context is crucial: Original Dormancy: The wallet had been completely inactive for over a decade. Value Growth: The 300 BTC were worth a mere $134,144 back in 2014 when they were deposited or last moved from a previous address. Today, the value of those same coins exceeds $31 million. The ‘Whale’ Factor: Holding 300 BTC certainly qualifies this address owner as a ‘whale’ in the crypto space, individuals or entities holding large amounts of cryptocurrency. The sudden movement from such a long-term dormant wallet naturally piques interest and fuels speculation within the crypto market community. Why Does a Dormant Wallet Move Matter in the Crypto Market? Movements from old, dormant wallet addresses are often watched closely by market analysts and participants. Here’s why they are considered significant: Potential Selling Pressure: One of the primary concerns is that the owner might be preparing to sell their holdings. A large amount of BTC hitting exchanges could potentially add selling pressure, impacting the BTC price. Whale Behavior Insights: These moves can offer glimpses into the…

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Filed under: News - @ May 13, 2025 11:29 pm