Bitcoin Resurgence on Silk Road as Decade-Dormant Wallets Transfer $3.14 Million to bc1q…ga54
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According to COINOTAG News, citing The Block, a cluster of the now-defunct dark web market Silk Road‘s wallets that had been dormant for more than a decade reactivated on Tuesday, routing Bitcoin to a single, undisclosed address.
Arkham Intelligence data show about 312 Silk Road–linked wallets aggregated transfers totaling roughly $3.14 million in BTC to the address bc1q…ga54, on Tuesday, with the ultimate recipient remaining unknown.
As of today, Silk Road–associated wallets hold around $41.3 million in Bitcoin. The motive behind the resumed movements remains unclear, and market observers are watching for any downstream price or liquidity implications.