400 BTC Wallet Surfaces After 12 Years, Sparking $46 Million Transfer Wave on Bitstamp

On November 18th, COINOTAG News reported significant activity in the cryptocurrency market as a dormant wallet containing 400 BTC, which was once worth $2,091 twelve years ago, was reactivated recently, now boasting a value of $35.8 million. This notable wallet, along with two others, contributed 200 BTC, approximately $17.9 million, to Bitstamp while simultaneously transferring 351 BTC, valued at around $31.5 million, to a new wallet. Collectively, these wallets have moved a staggering 600 BTC, equating to a total of $46 million, to Bitstamp over the past month. The revival of such long-dormant wallets underscores changing investor sentiments and may indicate a pivotal shift in market dynamics as previously inactive capital re-enters circulation.