Mt. Gox Transfers $731 Million in Bitcoin to a New Wallet: Time to Worry?
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A Mt. Gox-linked wallet moved 10,306 BTC, roughly $731 million, to a new address, sparking speculation about a potential large sale. Arkham Intelligence says the receiving address is not tied to any CEX or DEX, reducing immediate sell-pressure concerns but leaving market impact and security risks under watch.
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Mt. Gox-linked wallet has moved a total of 10,306 BTC worth approximately $731 million at the time of this writing to a new wallet, sparking community chatter about a potential sale.
Data from Arkham Intelligence shows that the receiving address is not associated with any centralized or decentralized exchange, indicating no immediate need for worry.
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In This News
Coins
$ 63.03K
-1.90%$ 0.0017
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