After Trump's pardon... Silk Road wallet transferred Bitcoin worth $3.14 million (about 4.6 billion Korean won) after 5 years

The recent transfer of approximately five years’ worth of Bitcoin related to the Silk Road associated cryptocurrency wallets has garnered significant attention. This transfer is notable because it occurred shortly after President Trump’s full pardon of Silk Road founder Ross Ulbricht last year.

According to data from blockchain analytics firm Arkham, wallets linked to Silk Road transferred about $3.14 million (approximately 461 billion KRW) worth of Bitcoin to an external wallet. The transfer consisted of 176 transactions, excluding three small test transfers made earlier this year, making it the most active movement of funds in the past five years.

In this transaction, Bitcoin was sent to an anonymous wallet address starting with “bc1qn”. This address had no prior activity before this transaction and is a new wallet, currently holding only the approximately $3.14 million received this time. The initial Silk Road wallet still holds about $38.4 million (approximately 56.44 billion KRW) worth of Bitcoin.

It is currently unknown who owns this new wallet. CoinTelegraph has reached out to Ross Ulbricht’s side for comment, but no official statement has been received.

Given the market’s ongoing focus on the movement of Silk Road-related assets since President Trump’s pardon, attention is now on what subsequent developments this transaction might trigger.

Article summary by TokenPost.ai

🔎 Market Analysis

Since President Trump’s pardon, the large-scale transfer of Silk Road-related crypto assets for the first time in five years has sparked speculation about possible fund restructuring or selling. This transfer could serve as a signal of structural asset movement, and the market is expected to become more vigilant regarding subsequent address tracking and similar transactions.

💡 Strategic Points

Past asset movements related to criminal activities may introduce short-term uncertainty into the market. Investors should leverage on-chain data and address tracking information to prepare for abnormal transaction patterns.

📘 Terminology Explanation

• Silk Road: An infamous dark web marketplace known for illegal activities. Its operator, Ross Ulbricht, was arrested in 2013 and sentenced to life imprisonment.

• On-chain Data: Real-time transaction information recorded on the blockchain, used to ensure transparency and detect fraudulent activities.

TP AI Notes

This article uses a language model based on TokenPost.ai to generate a summary. The main content of the original article may be omitted or may differ from the actual facts.