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    Home»CoinDesk Indices»Arkham Says 80,000-Bitcoin Whale Transfer Linked to Address Upgrade
    CoinDesk Indices

    Arkham Says 80,000-Bitcoin Whale Transfer Linked to Address Upgrade

    Token FlashBy Token FlashJuly 7, 2025No Comments1 Min Read



    A single wallet moved about 80,000 bitcoin—worth roughly $8 billion at current prices—over several transactions, according to data reviewed by blockchain-analytics firm Arkham

    A single wallet moved about 80,000 bitcoin—worth roughly $8 billion at current prices—over several transactions, according to data reviewed by blockchain-analytics firm Arkham.

    Arkham’s analysis indicates the transfers were part of an address-format upgrade, migrating coins from traditional “1-” addresses to the newer “bc1q-” SegWit format that offers lower fees and improved security. The firm said it found no evidence the holder is preparing to liquidate the position, easing concerns of an imminent large-scale sale.

    This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.



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