Another Dormant Bitcoin Wallet Resurfaces After Long Silence, Transfers $10M
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 17 2024Dormant Bitcoin Wallet Activity: Recently, dormant Bitcoin wallets that have been inactive for over a decade have begun transferring significant amounts of BTC, sparking renewed interest in the cryptocurrency market and raising questions about potential market volatility and emerging trends.
Institutional Interest and Adoption: The resurgence of these old wallets coincides with increasing institutional investment in Bitcoin, particularly through ETFs, suggesting a growing acceptance of Bitcoin as a legitimate asset class and a store of value among traditional financial institutions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
