Previously dormant Bitcoin (BTC) address holding roughly $140 million sprang to life, executing transfer split across three addresses
approximately 5,000 Bitcoins , equivalent to around $140 million. The sizable transfer was split among three addresses, as noted by PeckShield, a leading blockchain security firm.This is not the first instance of a dormant Bitcoin address springing back to life in recent months. In August of this year, a Bitcoin address from the era of Bitcoin's enigmatic founder, Satoshi Nakamoto, wasafter being dormant for nearly 13 years.
The original deposit to this address was made in October 2017, when Bitcoin's price was substantially lower.Dormant Bitcoin addresses becoming active often spark speculation, with theories suggesting that original holders are either cashing out due to Bitcoin's appreciated value, engaging in estate planning, or redistributing their assets for enhanced security amid advanced blockchain analysis.
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