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Shocking! After ten years of silence, the Bitcoin wallets associated with the notorious dark web marketplace "Silk Road" suddenly moved on Tuesday!
On-chain monitoring platform Arkham detected that these zombie addresses transferred approximately $3.14 million worth of BTC. Ten years ago, we all heard the stories about these coins—the underground trading empire taken down by the FBI. Now, they seem to have crawled out of the grave and re-enter circulation.
Who is behind this operation? Currently, there are only two plausible explanations:
Either the mysterious holders from back then finally retrieved their long-forgotten private keys;
Or law enforcement agencies are clearing seized assets.
But regardless of which, it’s not good news for the current market. The owners of these "antique" bitcoins are probably not diamond hand believers. Their goal is simply to convert these old coins into real money.
Another wave of potential selling pressure has been awakened. The market needs to proceed with caution.