Early Wednesday, an address associated with the defunct exchange moved 13,265 BTC, worth $784 million. Of this, 12,000 BTC went to an address identified as '1PuQB,' according to data tracking platform Arkham Intelligence.
Thorn explains, 'We now think that of the 13,265 BTC moved in this tx, only 1,265 ($74.5 million) is meant to distro, w/ 12,000 going to estate fresh cold storage so, very small,' highlighting the minimal impact on market supply.
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