According to Whale Alert, a Bitcoin wallet that had been dormant since 2014 has just moved 300 BTC, worth around $31 million at current market prices. Back in 2014, the value of those 300 BTC was just $134,144 — meaning it has increased by over 230x.
The identity of the wallet owner and the reason for the transfer remain unknown. Still, this sudden activity from a long-inactive wallet has sparked curiosity across the crypto community.
At the time of writing, BTC is trading at $103,470.
Could this be a sign of a major market move ahead?
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