✉news BusinessCrypto first seen 13 h ago, last 2 h ago, peak #16
Dormant Bitcoin Wallet from 2020 Moves $377 Million in BTC
Original: In March 2020 a Wallet Received 4,582 Bitcoin Worth $40.8 Million, Days Before the Covid Crash. Six and a Half Years Later It Moved Them Out, Worth $377 Million.
A bitcoin wallet that received 4,582 BTC in March 2020, days before the Covid market crash, has moved its holdings for the first time in six and a half years. The coins, worth $40.8 million when acquired, were valued at roughly $377 million when transferred. Observers are highlighting the roughly ninefold gain and speculating about whether the holder is preparing to sell.
Why now: Large movements from long-dormant bitcoin wallets spark speculation about imminent selling and market impact.
Evidence
- In March 2020 a Wallet Received 4,582 Bitcoin Worth $40.8 Million, Days Before the Covid Crash. Six and a Half Years Later It Moved Them Out, Worth $377 Million. · 24/7 Wall St.
- In March 2020 a Wallet Received 4,582 Bitcoin Worth $40.8 Million, Days Before the Covid Crash. Six and a Half Years Later It Moved Them Out, Worth $377 Million. · Yahoo Finance
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