Crypto
Four-Year-Dead Bitcoin Wallet Suddenly Transfers $381 Million
A Bitcoin wallet that had been inactive for over four years has suddenly come back to life, transferring a staggering 4,500 BTC worth approximately $381.38 million.
The transfer was reported by blockchain data platform Lookonchain, which tracks on-chain activity and wallet transaction history.
The wallet in question is identified as 'bc1qln,' and this is its first transaction in over four years.
The fact that high-volume wallets that have been inactive for years are starting to make transactions again is a notable trend in on-chain activity, but Lookonchain has not shared any information about the person or organization behind the transfer or its purpose.