A bitcoin wallet dormant since the 2017 peak just moved $383 million

According to CoinDesk, a bitcoin wallet that had remained inactive since 2017 recently moved 5,908 BTC, valued at approximately $383 million. The transfer, which occurred without sending the coins to an exchange, suggests that the owner may be changing custody or preparing for a private sale rather than an immediate liquidation. This wallet had acquired the bitcoins during a peak in prices when they were valued around $16,000. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.