Markets· ★★★· bearish·

Bitcoin wallet dormant for 13 years wakes up with $115M

  • —The address received BTC in 2013 from Multibit and BTC-e
  • —The test transfer was 0.001 BTC
  • —Its 1,346 BTC are now worth about $115 million
  • —The holdings gained 478x from an initial $240,000
Why it matters: The awakening of long-dormant wallets often precedes selling and can add pressure on Bitcoin's price.
#BTC
Source: PANews
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