On August 12, 2023, a substantial amount of 391.305 BTC worth $11.4 million was moved after a prolonged dormancy, sparking interest among cryptocurrency enthusiasts. These “sleeping bitcoins” remain inactive for extended periods, with their awakening potentially impacting the market. Factors like lost access, deliberate storage, inheritance, and strategic holding contribute to these dormant wallets.
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
