Dormant Bitcoin whale awakens, moving $8 million worth of BTC after decade of inactivity
A Bitcoin address holding 140 BTC, worth more than $8 million today, has reemerged after a decade of inactivity, according to blockchain tracker As mentioned, the transaction 11 years ago originated from another address,"1aWmn," which also had a remaining balance of 180 BTC. While 140 BTC were transferred to"1BLoHu", public records show that another 40 BTC were transferred to Okcoin.
This is because the shift from the legacy address format"1" to the more modern"bc1" format is seen as a move toward improved security and efficiency. The"bc1" format, also known as Bech32, offers benefits such as better error detection and a more user-friendly structure, which could be reasons for the move.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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