A bitcoin wallet dormant since the 2017 peak just moved $383 million
The coins went to a fresh address rather than an exchange, so nothing has been sold yet.
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Summary
- A long-dormant bitcoin wallet that accumulated 5,908 BTC in late 2017 moved its entire holdings on Thursday, a stash now worth about $383 million.
- The position, built when bitcoin traded near $16,000, has gained roughly 284% despite having been briefly underwater during the 2022 market crash.
- The coins were sent to a new, unidentified address rather than an exchange, suggesting the move may reflect custody changes or preparation for an over-the-counter deal rather than an immediate sale.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
