Bitcoin Whale Deposits Massive Amount to Paxos, Raising Market Concern

A long-dormant Bitcoin wallet associated with the controversial Craig Wright, has recently moved a substantial amount of cryptocurrency – 850 BTC – to the crypto exchange Paxos. This is not an isolated incident, as the wallet previously transferred 2,300 BTC in a similar fashion. Analysts and investors are closely watching for any potential market impact, with concerns about a sell-off given the liquidity now held on Paxos, which serves as a custodian for many crypto transactions.