by Fortune, which cites data from prominent blockchain sleuth Chainalysis, roughly 1.8 million of Bitcoin is stored in wallets that have been inactive for more than a decade. It is unclear what percentage of cryptocurrencies is lost forever, but the report suggests that the total number of such coins should stabilize around 1.5 million.
Earlier this month, for instance, a Satoshi-era whale woke up after an entire decade of inactivity with $115 million. When wallets become active again after a long period of time, some assume that they might want to take profits after a price rally. However, according to the report, there is no direct correlation between the activation of long-dormant wallets and substantial price moves.
Interestingly enough, Chainalysis has noted that old wallets tend to be activated at a rather predictable pace. The vast majority of such wallets do not usually make headlines due to their small size. Ninety-nine percent of all wallets that are considered to be lost contain less than 50 BTC .
XRP Surges to New All-Time High in Millionaire Addresses, SEC Delays Decision on Another Spot Ethereum ETF: Crypto News Digest by U.TodayXRP Surges to New All-Time High in Millionaire Addresses, SEC Delays Decision on Another Spot Ethereum ETF: Crypto News Digest by U.Today
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: hackernoon - 🏆 532. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »