Crypto Community Buzzes as $250 Million Bitcoin Whale Returns from Hibernation, Is It A Good Sign?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A Bitcoin (CRYPTO: BTC) wallet valued at $250 million has sprung back to life after an eight-year hiatus, triggering a wave of speculation among cryptocurrency enthusiasts.
What Happened: A Bitcoin wallet, initially valued at around $3 million in 2017, has recently become active after eight years of dormancy. The wallet now holds a staggering $250 million worth of Bitcoin.
Such occurrences usually set off a storm of speculation within the cryptocurrency community. Some members have suggested that the wallet’s owner may have…
