1000 Bitcoin come back to life

There was a very strange movement in the crypto market where 80,000 Bitcoin worth over 9 billion dollars had been dormant in digital wallets since 2011 and suddenly moved the day before yesterday.

Ki Young Ju, the founder of the analytics platform CryptoQuant, said on platform X that this movement of coins came from very old wallets, specifically from the days of the MyBitcoin platform, which was one of the first platforms where people deposited their money before it was hacked and shut down in 2011.

The analysis indicates that these wallets had been inactive since April 2011, meaning for more than 14 years, and were in complete dormancy until suddenly they were activated.

👤 Who is behind these wallets? The situation is very mysterious and there are two possibilities raised:

Either these wallets were under the control of the hacker who stole the platform long ago, or they belong to the mysterious founder Tom Williams, who disappeared after the platform was hacked and no one heard anything about him again.

However, what is striking is that these coins were transferred directly to Galaxy Digital, which manages assets for major investors, and they sold the entire amount through private transactions without appearing in the market.

💼 How did the sale happen?

The entire process was conducted discreetly through OTC transactions, meaning not through exchanges, which allowed the process to occur without causing any immediate shock to market movements. Galaxy stated that the sale was part of an estate planning strategy for an investor from the old era, the era of Satoshi himself, but without revealing who he is or where the coins came from.

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