NEW YORK – In a notable development for the cryptocurrency market, a Bitcoin wallet that had been dormant for more than eight years suddenly transferred a significant amount of Bitcoin earlier this week. The wallet, known as “1DJs7”, has not seen any activity since February 2015 but has transferred 2,101, worth approximately $88.55 million. This unexpected transaction attracted the attention of the cryptocurrency community and sparked speculation about the possible reasons behind this sudden movement.
Funds from wallet “1DJs7” have been distributed to two new addresses. The majority of Bitcoin is sent to “1GtUy”, while a smaller portion is transferred to “bc1qj”, using the Bech32 Segwit address format. Despite the large amounts involved, transaction costs are relatively low, around $26.77 or about 290 satoshis per byte. However, according to Blockchair’s privacy tool, this transaction was rated with a security score of zero out of one hundred, indicating potential privacy issues.
The event follows another set of significant transactions that occurred last week, in which four inactive Bitcoin addresses since late 2016 were reactivated and transferred around $30.93 million worth of Bitcoin (734.98 BTC). These transactions were confirmed at block heights of 821,361 and 821,367.
The reactivation of this so-called ‘sleeper bitcoin’ has stirred curiosity and debate among investors and analysts. While it is not uncommon for inactive addresses to become active after a period of inactivity, the significant amounts and long periods of dormancy preceding these transactions are notable. The intentions behind these transfers remain unclear, leading market observers to consider whether they could involve personal portfolio adjustments, institutional moves or strategic financing operations. different strategy or not.
As these developments take place, they highlight the unpredictable nature of cryptocurrency markets and the volatility that can come with them.
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