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Dormant Bitcoin whale deposits 2,300 BTC into Paxos, holds over 32,000 BTC worth $3.4B
Long-term holders moving major assets hint at changing sentiment in the digital asset market.
A dormant Bitcoin whale deposited 2,300 BTC on Paxos, a regulated blockchain firm focused on issuing stablecoins and managing digital asset transfers. The whale maintains a total holding of 32,490 BTC worth approximately $3.4 billion, on-chain data shows.
Dormant Bitcoin holders have recently been moving assets to exchanges after years of inactivity, signaling potential shifts in long-term holding strategies.
Paxos has been actively involved in stablecoin operations, including handling large-scale minting activities for digital currencies tied to traditional finance.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.