Key Takeaways:
In a surprising turn of events, a Bitcoin whale that has been dormant for eight years has now become active again. Following a series of smaller transactions, the whale ultimately moved a staggering $250 million worth of Bitcoin in a single transfer. Blockchain intelligence platform Arkham first reported the transaction and confirmed that this was the whale’s first activity since late 2016. The transaction has also raised questions about the potential market impact, as such large movements of Bitcoin can sometimes trigger price fluctuations.
The Rise of a Crypto Icon
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