Markets· ★★· bearish·

15-Year-Old Bitcoin Wallet Awakens, Moves $1.7 Million

  • —20.43 BTC worth $1.7 million sat untouched since May 2011
  • —The 10.33 BTC batch gained roughly 2,192,671%
  • —The 10.10 BTC batch had a cost basis of about $3 per coin
  • —Galaxy Research could not attribute the sender or recipient
Why it matters: A string of old-wallet awakenings is fueling concerns about selling pressure from long-term holders.
#BTC
Source: U.Today
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