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Two Giant Whales Spring into Action After 10 Years: They are Buying Hundreds of Millions of Dollars! - Coin Bulletin
Two giant whales created excitement in the crypto community by transferring a total of 3,422 BTC, worth 324.2 million dollars, to new wallets after more than 10 years of inactivity.
The cryptocurrency world was shaken by the sudden activation of two Bitcoin (BTC) wallets that had been inactive for a long time. According to Lookonchain, two large whale accounts holding a total of 3.422 BTC worth 324.2 million dollars have started moving their assets after being inactive for more than a decade.
One of the wallets in question, 1NWPS2, transferred 2.343 BTC worth 221.7 million dollars to a new wallet after 10 years of silence. The other wallet, even more impressively, 1PiEKB, transferred 1.079 BTC worth 102.54 million dollars to a new address after showing no movement for a full 12 years.
Market experts indicate that such large transfers of Bitcoin could potentially create selling pressure, but currently these transfers are merely moving to new wallets and do not show direct intent to sell.