According to BlockBeats, a Bitcoin whale address that has been dormant for over a decade has just been reactivated. The address, which begins with 1CLxm, has transferred out 246 Bitcoins. This address accumulated 1701 Bitcoins during the period of 2013-2014. At that time, the value was approximately 1.06 million USD. The current value of these Bitcoins has now exceeded 115 million USD.
The reactivation of this long-dormant Bitcoin address and the subsequent transfer of a significant amount of Bitcoin has drawn attention in the cryptocurrency community. The original accumulation of these Bitcoins took place during a period of significant growth and development in the cryptocurrency market. The current value of these Bitcoins, now exceeding 115 million USD, reflects the substantial increase in the value of Bitcoin over the past decade.
The reactivation of this Bitcoin whale address and the transfer of such a large amount of Bitcoin could potentially have implications for the Bitcoin market. However, the specific impact of this event is yet to be determined. It is also unclear why this Bitcoin whale address has been reactivated after remaining dormant for over a decade.