bitcoinThere are also sleeper wallets that do not move for many years as well as wallets in which people move heavily.
Large quantities of long-sleeping bitcoin The recent activity in wallets containing cryptocurrency frightened the community.
As the crypto community debates the possible reasons behind such movements in wallets, this move of whales BTC fears that it may adversely affect its price.
Because in the last few weeks, whales have carried large amounts of BTC. For example, a wallet that was last active in 2012 moved over 400 BTC ($11 million) a few days ago. The Bitcoin whale moved 360 Bitcoins to one wallet and 40 Bitcoins to other wallets.
While it is not known why these wallets moved after a long time, various speculations spread about this issue.
Commenting on this, CEHV partner Adam Cochrane said on Twitter:
“We are currently seeing a large number of wallets that have been dormant for 10 years awakening from multiple assets.
Unless these wallets are somehow related to Mt Gox, these wallets may have been hacked.”
Apart from this, it is also evaluated that such security concerns for perennial wallets may have caused Bitcoin movement in whale wallets recently.
But for now, these conversations did not go beyond speculation.
*Not investment advice.
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