Dormant Wallets Comes To Life

In latest Bitcoin dormant wallets news, a holder who had remained inactive for nearly 12 years suddenly stirred, causing ripples in the Bitcoin community. The wallet, holding a substantial amount of 500 bitcoin, moved its entire stash to multiple new addresses, sparking speculation about potential market impact and the motives behind the transfer.

Dormant Wallets: Inactive for Over a Decade

The dormant wallet, which received its 500 bitcoin in 2012, when bitcoin’s value was a fraction of its current worth, remained untouched until recently. Lookonchain, a platform tracking on-chain data, noted that the wallet last transacted during a time when Bitcoin was priced at a mere $8.

A wallet…

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