Crypto News: On Friday, a crypto whale that has been dormant for the past ten years transferred 279 Bitcoins, which are currently worth 7.8 million dollars, to three new addresses. The on-chain research platform Lookonchain reports that the wallet was credited with a total of 1,128 Bitcoins in the months of October 2012 and May 2013. When those transactions took place, the price of one Bitcoin was roughly around $12 and $195 respectively.
Dormant Bitcoin Wallet Moves 279 BTC
Taking into account the price of Bitcoin at the time of writing, the amount of Bitcoin that is stored in the crypto wallet would translate to be around roughly 31 million USD. This comes on the heels of another bitcoin whale transferring 2,071.5 BTC yesterday — which is equivalent to 60.7 million USD — after a lengthy nine-year hiatus.
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While many fear an incoming BTC dump due to such developments, most of the transactions have been made t
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