$1,359,551,620 in Bitcoin (BTC) Suddenly Moves After 7-10 Years of Dormancy: CryptoQuant

Description

A massive trove of Bitcoin that has been dormant for up to a decade has suddenly woken up and moved out of its wallet. Blockchain analytics firm CryptoQuant reports that 14,000 coins – worth about $1.35 billion at time of writing – were transferred early on Monday to new wallets. According to CryptoQuant, the BTC was not moved to exchanges, suggesting that the entity isn’t planning on selling their coins. “On February 10th, 14,000 Bitcoins that had been inactive for 7 to 10 years were moved. Des...