CoinDesk·3 min read·medium
A bitcoin wallet dormant since the 2017 peak just moved $383 million
S
Shaurya Malwa
✦AI Summary
A dormant Bitcoin wallet containing $383 million worth of cryptocurrency has moved its holdings for the first time since 2017. The coins were transferred to a new, unmarked address, suggesting a potential custody upgrade or private sale rather than an immediate market dump.
The wallet took in the coins when bitcoin traded at around $16,000, a level the market saw in December 2017 and early January 2018, within weeks of a cycle peak near $20,000.
cryptobusinesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in