As a researcher with a decade-long obsession with cryptocurrencies, I find myself utterly captivated by these recent events involving ancient Bitcoin whales. The awakening of a 13-year-old $3 million BTC wallet is like striking gold in a digital mine – it’s the stuff legends are made of!
As reported by Arkham Intelligence, a long-dormant Bitcoin wallet containing approximately 3 million dollars’ worth of Bitcoin has become active again after years of inactivity. A portion of this substantial stockpile was moved to the prominent cryptocurrency exchange, Bitstamp.
Arkham Intelligence highlighted on a tweet about the resurrection of a 13-year-old Bitcoin whale account that held approximately $3.17 million in BTC back in mid-2011. This coincides with Whale Alert’s announcement that an inactive address carrying 50 BTC worth around $3,173,594 has been activated again after a span of 13.3 years.
According to Akhram Intelligence, this wallet appears to have remained inactive for 13 years after it received the coins. However, once activated, the Bitcoin wallet transferred 20 Bitcoins valued at approximately $1.27 million to Bitstamp.
Old Bitcoins on move
As a researcher, I recently noticed an intriguing observation shared by CryptoQuant: Old Bitcoins are currently being actively transferred. There’s been a significant surge in the movement of coins across different age brackets during Bitcoin’s latest price increase. This trend continues as consistent transfers take place on the BTC blockchain.
In a related incident detailed by Arkham Intelligence, a wealthy Bitcoin investor who amassed $77 million BTC during the early days of Bitcoin (from its first two months) has just moved 5 BTC to Kraken. These digital wallets have roots in the Satoshi period, referring to the time when Bitcoin’s anonymous founder, Satoshi Nakamoto, was actively participating in public forums from late 2009 up until 2011.
Based on Arkham Intelligence’s calculations, there is approximately $77 million worth of Bitcoin (1,215 BTC) stored at this wallet’s address. This digital currency was reportedly mined in February and March of 2009, just two months after the initial release of Bitcoin.
From 2011-2014, the Bitcoin stored in a wallet was left untouched for almost a decade. During this time, its value skyrocketed from approximately $474,000 to over $80 million. This significant investor, known as a “whale,” became active around three weeks ago and has transferred 10 Bitcoins to Kraken in three distinct transactions so far.
A while ago, this event occurred: a few days after another initial Bitcoin tycoon, who mined their Bitcoin around the same period, emerged from a 15-year slumber to transfer $16 million worth of BTC. This raises the curiosity as to why these old Bitcoin whale wallets are starting to become active again.
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2024-09-25 17:36