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Crypto

Dormant Bitcoin Whale Unleashes 26.96 BTC After 12-Year Slumber

Guavy AI Editorial Team
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BTC
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A Bitcoin wallet that had been inactive for over 12 years has suddenly transferred 26.96 BTC, worth approximately $1.75 million.

The transaction was flagged by Galaxy Research's on-chain monitoring system, which tracks movements from wallets that have been dormant for extended periods.

The wallet in question received the 26.96 BTC in 2013, when the price of Bitcoin was just a fraction of its current value.

Analysts caution that moving funds does not necessarily indicate an intent to sell; it could be related to wallet consolidation, security upgrades, or estate planning.

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