The cryptocurrency world is experiencing a Bitcoin that has been dormant for 11 years this week. $102,673.0 He was shaken by the news of a huge transfer coming from his wallet. Crypto tracking site Lookonchain announced that 2,700 BTC was transferred from this wallet to another wallet on Tuesday. This transaction attracted attention as the wallet’s first major movement since 2013. The total value of the transfer was calculated as approximately 257 million dollars.
11 Years of Silence Ended
This old wallet, which held Bitcoins accumulated in December 2013, was active when BTC was $625.84. On the day of the transfer 11 years later, the value of Bitcoin reached $95,361. This shows that the wallet in question experienced a value increase of 15,137.4% in dollar terms. According to data from BitInfoCharts, this wallet has received small amounts of BTC without permission several times over the years. However, experts state that these transactions are caused by a method known as “dusting attack” used by hackers and fraudsters.
Dusting attacks are known as a type of attack in which malicious actors aim to monitor users and disclose their information by sending very small amounts of crypto money to personal wallets. Although it is stated that the wallet occasionally receives unauthorized transactions due to these attacks, it is noted that no large-scale transfers occurred.
Fluctuation in Bitcoin Price and Its Effect on the Market
On the day of the transfer, Bitcoin price was trading at $98,687. It was noted that Bitcoin increased by 3% in the last 24 hours and was only 1% below the record price of $ 99,645, which it reached on November 22. Experts state that such large-scale transactions attract attention in crypto markets and often lead to speculation.
According to crypto analysts, the sudden activation of wallets that have been dormant for a long time can be a sign of big changes in the market. While this type of activity increases investors’ interest, it can also affect market trends. It is emphasized that users should be careful to ensure wallet security and follow suspicious transactions.
Volatility in the Bitcoin market poses both great opportunities and serious risks for investors. Experts recommend monitoring market trends closely and making informed investment decisions. Fluctuations in the value of leading crypto assets, especially Bitcoin, carry critical signals for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
