El Salvador government-held Bitcoin transferred to 13 new wallets…"Unrelated to the decline"
Suehyeon Lee
Summary
- It reported that the El Salvador government transferred 6283 Bitcoin to 13 new wallets.
- The transfer was an internal wallet move for security enhancement, and it stated that it is not directly related to selling.
- It emphasized that the recent BTC price decline is unrelated to El Salvador's wallet movement.
The Bitcoin (BTC) held by the El Salvador government was transferred to 13 new wallets.
On the 30th (local time), CryptoQuant analyst mignolet said on X, "El Salvador government-held 6283 Bitcoin were transferred to 13 new wallets. This was confirmed to be an internal wallet move for security enhancement and is not directly related to selling."
He added, "Nevertheless, there are concerns that, combined with the recent BTC price decline, it could trigger unnecessary FUD (fear, uncertainty, and doubt) in the market. The current decline is unrelated to El Salvador's wallet movement."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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