As a researcher with a background in cryptocurrencies and economics, I find the recent activity of dormant Bitcoin whales and government sales of large amounts of Bitcoin and Ethereum intriguing. The re-emergence of a wallet that last showed activity thirteen years ago, containing 33 Bitcoins, is an unusual event that has caught the attention of the community. This discovery, reported by Whale Alert, brings back memories of the early days of Bitcoin when Satoshi Nakamoto’s identity was still shrouded in mystery.
As a seasoned crypto investor, I keep a close eye on market movements and news through reliable sources like Whale Alert. Recently, they’ve made an intriguing announcement: a long-dormant Bitcoin (BTC) wallet last active over a decade ago is showing signs of life once more. Can you imagine the potential impact this could have on the market? The anticipation is palpable!
Dormant and active whales selling Bitcoin
In the year 2011, the enigma surrounding Bitcoin’s elusive creator, Satoshi Nakamoto, remained thick in the air, as it had only been a year since his identity became shrouded in secrecy.
Discovered by Whale Alert, a wallet that had previously been inactive held approximately 33 Bitcoins. With the present Bitcoin exchange rate, this amount translates to an impressive $2,142,474 value.
According to U.Today’s previous report, a dormant digital wallet holding around 8,000 Bitcoins, equivalent to approximately $500 million at current value, was recently active and transferred its contents to Binance, the largest cryptocurrency exchange, after being inactive for over five and a half years. This Bitcoin stash was originally acquired in December 2018.
As an analyst, I’ve noticed a significant uptick in whale activity lately. Specifically, on Monday, an unidentified whale moved 1,800 Bitcoins to Binance, just before Bitcoin dipped from $63,800 to $63,000. Over the past week, this same whale transferred a massive 3,481 Bitcoins, equivalent to approximately $217 million, to the same exchange.
German and US governments selling BTC and ETH
As a researcher, I’ve recently come across intriguing news suggesting that both the German and U.S. governments have been offloading substantial quantities of Bitcoin and Ethereum. These digital currencies have been transferred to crypto exchanges and unidentified wallets over the past few days.
On Monday, two entities made large transactions involving Bitcoin (BTC) and Ethereum (ETH). The US government transferred 3,375 ETH, worth approximately $11.75 million, to a newly established wallet. Simultaneously, the German government moved 1,500 BTC, equivalent to around $94.7 million. Out of this sum, 400 BTC were sent to Bitstamp, Kraken, and Coinbase – three prominent centralized exchanges. Currently, the German government holds 44,692 BTC remaining, which is worth a staggering $2.81 billion.
As a researcher investigating recent developments in the cryptocurrency world, I came across an intriguing piece of news reported by Chinese crypto journalist Colin Wu. According to his report, the U.S. government has seized Ethereum belonging to Estonian crypto entrepreneurs Potapenko and Turogin. These two individuals were allegedly involved in crypto fraud and money laundering activities and were recently extradited from Estonia to face charges in the United States.
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2024-07-02 09:56