Early Bitcoin Whale Burns $8.3 Million After 11-Year Dormancy
Early Bitcoin Whale Burns $8.3 Million After 11-Year Dormancy
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A Bitcoin whale, whose holdings had been dormant for 11 years, has reportedly burned 107 BTC, valued at approximately $8.3 million. This movement was identified by the cryptocurrency analysis firm LookOnChain, marking a significant event for such an early participant.
According to cryptocurrency analysis firm LookOnChain, an investor burned 107 Bitcoin (BTC) worth $8.3 million after being dormant for 11 years. This activity from an early whale wallet has drawn attention within the crypto community, highlighting the long-term holding patterns and occasional re-emergence of veteran participants.