Satoshi

Bitcoin

Million

A bitcoin whale whose wallet remained untouched for 12 years recently moved 400 BTC (equivalent to approximately $11 million) to numerous addresses. 
This is yet another long-term HODLer who wakes up after nearly a decade of inactivity. A dormant BTC whale transferred over 2,000 BTC last week for the first time in nine years.
<ul>
<li>The Satoshi-era BTC whale <a class="editor-rtfLink" href="https://explorer.btc.com/btc/address/bc1q9jsv7s0xxe7yqvqx79td2735g7ucnqyp2z22hvy0p9adqnj6l8jsjlg3yh" target="_blank" rel="noopener" data-wpel-link="external">sent</a> 360 BTC (worth around $9.8 million) to one address and transferred the remaining 40 BTC ($1.1 million) to various others. </li>
<li>It is worth noting that the HODLer has not moved the stash since 2011, or two years after Satoshi Nakamoto mined the first block of the primary cryptocurrency, a historical event known as Genesis Day.</li>
<li>Another BTC wallet that stayed dormant for over nine years recently <a class="editor-rtfLink" href="https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/" target="_blank" rel="noopener" data-wpel-link="internal">sent out</a> 2,071.5 BTC (worth more than $60 million at the time) to an address starting with &#8220;bc1q.&#8221;</li>
<li>The whale&#8217;s entire stash (prior to the transaction) of 6,071.5 BTC was equivalent to around $4 million on December 19, 2013: the day when the entity received the coins.</li>
<li>A wallet that participated in Ethereum&#8217;s initial coin offering (ICO) in 2016 also woke up this week. As CryptoPotato <a class="editor-rtfLink" href="https://cryptopotato.com/ethereum-ico-participant-wakes-up-to-4-42m-in-eth-after-nearly-eight-years/" target="_blank" rel="noopener" data-wpel-link="internal">reported</a>, it transferred one ETH to a new address. They received 2,365 ETH seven years ago, valued at a mere $733 at the time. The assets are now worth more than $4.3 million.</li>
<li>The reasons behind the recent awakenings remain unknown. However, some <a class="editor-rtfLink" href="https://twitter.com/tayvano_/status/1648187031468781568" target="_blank" rel="noopener" data-wpel-link="external">speculate</a> that crypto investors with substantial holdings have started transferring old funds to new addresses as a protection measure. </li>
<li>Other Twitter users have joked that those whales may have finally located their private keys, which is why they were able to conduct such transactions.</li>
<li>Bitcoin&#8217;s price has been on a downtrend recently, losing over 8% of its valuation for the past week, and is currently trading at approximately $27,300.</li>
</ul>
The post <a href="https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/" rel="nofollow">Bitcoin Whale Moves $11 Million in BTC After 12 Years of Inactivity</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin Whale Moves $11 Million in BTC After 12 Years of Inactivity

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