Dormant Bitcoin Wallet Resurfaces After 12.4 Years, Sell-off Incoming?

Quick Summary:

On October 25, 2024, the blockchain-based transactions tracker Lookonchain made a post on X (Previously Twitter) about a wallet that holds nearly 400 Bitcoin (BTC) worth $27.

The wallet received 400 $BTC($2,180 at that time) on Jun 6, 2012, when the price was $5.45.pic.twitter.

However, due to the unclear market trend, BTC’s on-chain metrics hint at a mixed sentiment among traders and investors.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Bitcoin Price Analysis News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 15:33:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23241702

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 14 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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