Based on Bpaynews, dormant Bitcoin wallets linked to the Silk Road darknet marketplace executed 176 transfers totaling $3.14 million this week, marking the largest movement in five years. The activity follows the pardon of Silk Road founder Ross Ulbricht by former U.S. President Donald Trump, reigniting interest in the long-dormant funds. Analysts are closely monitoring the transactions, particularly the emergence of a new receiving address starting with the prefix bc1qn, to assess potential implications for the broader cryptocurrency market and historical blockchain activity.
Silk Road Crypto Activity Resurfaces with $3.14M Bitcoin Transfers
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