Bitcoin wallet dormant since 2013 moves 500 BTC worth 31.3 million

A bitcoin wallet labeled 18TExP, dormant since 2013, transferred 500 BTC, valued at 31.3 million dollars, in a transaction flagged by Whale Alert. This movement occurred amid a security crisis surrounding Coldcard, a Bitcoin-only hardware wallet, which has faced attacks since July 30, leading to the loss of approximately 130 million dollars in BTC. Analysts noted increased BTC inflows onto exchanges as confidence in self-custody waned. On-chain data from CryptoQuant indicated a spike in old-coin movements, with 935 BTC from coins dormant for over 10 years moving on August 3, and 6,388 BTC from coins dormant for five to seven years on July 31. The clustering of these movements suggests that holders may be migrating funds for security reasons.

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