According to Arkham data, Mt. Gox sent 16,6.5 BTC to its cold storage and 11,834 BTC to an unidentified wallet.
Mt. Gox, a cryptocurrency exchange that went bankrupt, has begun moving its Bitcoin assets once more, which has raised concerns about its long-term repayment plans.
According to data from blockchain analytics company Arkham Intelligence, on Wednesday, custodians overseeing Mt. Gox’s assets moved 11,833.64 BTC, which is worth more than $1 billion. The significant transaction cost $1.64 in fees and was recorded at block height 886,484.
ARKHAM ALERT: MT GOX MOVING $1B $BTC pic.twitter.com/VpIkHdJQkl
— Arkham (@arkham) March 6, 2025
Arkham data reveals exchange’s wallets still hold over 36,000 BTC
The remaining 11,834 BTC went to an unnamed wallet (1Mo1n), while 166.5 BTC (about $15m) was transferred to a recognized Mt. Gox cold wallet (1Jbez). According to data from Arkham Intelligence, organizations connected to Mt. Gox still own around 36,080 Bitcoin, which is worth roughly $3.26 billion.
It has been more than a month since the exchange-related wallets made a significant Bitcoin transaction. A little transfer of four bitcoins between internal wallets was the most recent action noted. Although the most recent transfer’s reason is yet unknown, it continues a trend of intermittent but noteworthy Bitcoin transactions by Mt. Gox trustees.
Wallet activity resurfaces as crypto faces economic shifts
Once the biggest Bitcoin exchange in the world, Mt. Gox went down in 2014 after being the victim of a significant attack that cost 850,000 BTC. For over ten years, the exchange has been in bankruptcy, and creditors are anxiously expecting payment.
Only weeks after transferring more than 24,000 Bitcoin under identical conditions, Mt. Gox transferred around 1,620 Bitcoin through a number of unidentified accounts in December. These actions have increased conjecture on whether the exchange is reorganizing its assets or getting ready for repayments.
The most recent transfer occurred during a time when the cryptocurrency market was experiencing significant volatility.
Macroeconomic changes, such as the imposition of additional trade tariffs by US President Donald Trump on March 4, have caused investors to respond, which has shook high-risk assets like Bitcoin. Market uncertainty has increased as a result of Mt. Gox’s massive Bitcoin transactions and the unpredictability of the world economy.
Every change in the exchange’s assets continues to draw interest from the cryptocurrency world while creditors await clarification.
Trump’s World Liberty Financial purchases $21.5M in ETH, WBTC and MOVE
Another big cryptocurrency investment was made by Donald Trump’s World Liberty Financial, which purchased $21.5 million worth of Ethereum, Wrapped Bitcoin, and Movement Network tokens.
The transactions were carried out using USDC from a newly constructed multi-signature wallet, with $3.5 million still in the wallet, according to an article published on March 6 X by the on-chain monitoring site Spot On Chain.
For $10 million, the firm purchased 4,468 Ethereum (ETH) at an average price of $2,238, 110.6 Bought 3.42 million Movement tokens for $1.5 million at $0.439 each and $10 million worth of Bitcoin at $90,420 apiece.
Donald Trump’s World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!
In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:
• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at… https://t.co/pyElkjbFwf pic.twitter.com/azgZeglmQA— Spot On Chain (@spotonchain) March 5, 2025
As of March 6, WLFI had more over $78.5 million in digital assets, according to statistics from Arkham Intelligence. Among its biggest holdings are 40.71 million Tron (TRX) worth $9.96 million, 7,091 ETH worth $16.16 million, 162.69 WBTC worth $14.87 million, 12.88 million Tether, and 4,972 staked ETH worth $11.32 million.
Along with other digital assets, the firm also owns minor stakes in USD Coin, Ondo, and WhiteRock.
Analyst predicts TRX price to hit $1 as TRON network activity heats up
Recent remarks from leading experts sparked a positive market surge for TRX, indicating that $1 is within reach. Activity on the TRON network intensifies.
On Thursday, well-known cryptocurrency analysts entered the stage and predicted a very positive future for the price of TRX. While analyst “Crypto Patel” disclosed that a $1 price objective may be attainable this bull cycle, analyst “Ali Martinez” highlighted a noteworthy surge in TRON network activity as it reaches new highs. As a consequence, despite a wider market rebound, dealers and investors are looking with optimism at the token supported by Justin Sun.
Analyst forecasts TRX price to $1
The price of TRX increased by 2% at the time of publishing, trading at $0.2458. The intraday low and high of the coin were $0.2407 and $0.2465. Notably, the upward trajectory is consistent with the current recovery-like pattern of the larger cryptocurrency market.
At the same time, analyst Crypto Patel said on X that TRON is showing significant momentum and that a $1 price objective may be imminent. The analyst’s shared price chart indicates that the coin’s price has good support near $0.140. It is still bullish to maintain a hold above this level.
According to the expert, the ideal “buy zone” is between $0.160 and $0.180 if the chance arises. Significantly, the present price levels are much above the support zone in question, and continued demand may push prices to new heights.
TRON network activity surge bolsters bullish prediction
However, TRON network activity increased significantly, peaking on March 4 at a 2-month high.
Analyst Ali Martinez reports that 2.94 million active addresses were recently found on the network. This statistics pointed to an optimistic future for the cryptocurrency project founded by Justin Sun, indicating growing market interest.
Crypto market recovery bolsters hope
At the same time, investors’ confidence over the price of TRX has been reinforced by the recovery-like trend in the larger cryptocurrency market. In the midst of pro-crypto happenings in the United States, Bitcoin and altcoin saw considerable advances.
The disclosure of Donald Trump’s strategic cryptocurrency reserve seems to have significantly improved market sentiment. Furthermore, there is some optimism regarding the market’s prospects for the future due to the impending U.S. crypto conference on Friday. In light of more general trends, cryptocurrency market players are still keeping a close eye on TRON, suggesting that a bull run to $1 is feasible.
