Recently, a bitcoin whale with an untouched wallet for 12 years moved 400 BTC, worth approximately $11 million, to multiple addresses. This is not the only instance of long-term HODLers awakening after years of inactivity – a different dormant BTC whale transferred over 2,000 BTC for the first time in nine years last week.
- The Satoshi-era BTC whale sent 360 BTC (worth around $9.8 million) to one address and transferred the remaining 40 BTC ($1.1 million) to various others.
- This HODLer had not moved their stash since 2011, only two years after the primary cryptocurrency’s first block was mined by Satoshi Nakamoto, known as Genesis Day.
- Another dormant BTC wallet recently sent out 2,071.5 BTC (worth over $60 million at the time) to an address starting with “bc1q.”
- The whale’s full stash before the transaction was 6,071.5 BTC, equivalent to around $4 million on December 19th, 2013.
- In addition, a wallet that participated in Ethereum’s initial coin offering in 2016 transferred one ETH to a new address this week.
- There is no clear explanation for these sudden transactions, but some speculate that it could be a protection measure taken by crypto investors with substantial holdings.
- Others joke that the whales may have finally located their private keys, allowing them to conduct these transactions.
- Bitcoin’s price has recently been on a decline, losing over 8% of its value in the past week and currently trading at approximately $27,300.