According to COINOTAG News, citing The Block, a cluster of the now-defunct dark web market Silk Road‘s wallets that had been dormant for more than a decade reactivated on Tuesday, routing Bitcoin to a single, undisclosed address.
Arkham Intelligence data show about 312 Silk Road–linked wallets aggregated transfers totaling roughly $3.14 million in BTC to the address bc1q…ga54, on Tuesday, with the ultimate recipient remaining unknown.
As of today, Silk Road–associated wallets hold around $41.3 million in Bitcoin. The motive behind the resumed movements remains unclear, and market observers are watching for any downstream price or liquidity implications.
Source: https://en.coinotag.com/breakingnews/bitcoin-resurgence-on-silk-road-as-decade-dormant-wallets-transfer-3-14-million-to-bc1q-ga54
