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Dormant Bitcoin wallet moves 2,931 BTC worth $188M after 7 years, hinting at possible sell-off.

Market News
13 Jul 2026
Blockonomi
View Source
Neutral
pluang ai news

A Bitcoin wallet inactive for over seven years transferred 2,931 BTC valued at around $188 million to a new address. The last activity from this wallet was in October 2018 when Bitcoin was priced near $6,475, meaning the assets have appreciated nearly tenfold. While the recipient address remains inactive, such movements often signal potential upcoming sales by long-term holders. Market watchers see this as part of a trend where major Bitcoin holders reactivate wallets during high price periods, though the exact intent behind this transfer is still unknown.

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Hackers use verified social media accounts to pump and dump SCATMAN memecoin, causing a $2M spike then a 98% crash.

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