The post Ancient Bitcoin Whale Moves $BTC to Kraken After Years of Dormancy appeared on BitcoinEthereumNews.com.

A Bitcoin whale, who holds $77 million in Bitcoin ($BTC) mined during the first two months of Bitcoin’s launch, has recently transferred 5 $BTC to the Kraken exchange. Still, this wallet contains 1,215 BTC. This whale had mined his coins in February and March of 2009, just one month after Bitcoin was created, according to data from ARKHAM. ANCIENT BITCOIN WHALE JUST SENT BTC TO KRAKEN A Bitcoin whale holding $77M BTC mined in Bitcoin’s FIRST 2 MONTHS just moved 5 BTC to Kraken. In his address this whale still holds 1215 BTC ($77M). His Bitcoin had been mined in 2009, in February and March – 1 MONTH after… pic.twitter.com/ZNo93P4AbQ — Arkham (@ArkhamIntel) September 24, 2024 Long-Dormant Bitcoin Wallets Come to Life, Spark Interest The history of the whale’s Bitcoin is intriguing. It was sold a number of times between 2011 and 2014 but has been dormant for nearly a decade. In this hibernation period, the value of the Bitcoin rose greatly from $474,000 to over $80 million. More recently, approximately three weeks ago, this whale started to transfer its Bitcoin again. In three transactions, it sent a total of 10 BTC to Kraken. However, this number of BTC is not much significant and the whale may opt to HOLD more as the next leg of bull run is expected soon. This activity is similar to the other early Bitcoin whale, who also mined the coins in this time period. Just a few days ago that whale, which had been dormant for 15 years, performed a transaction worth $16 million of Bitcoin. The sudden resurgence of these early Bitcoin wallets raises questions: Why are these inactive wallets active now? Massive Bitcoin Movements from Dormant Wallets Raise Eyebrows On September 20, ARKHAM said that several Bitcoin addresses from 2009 began to…

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Filed under: News - @ September 25, 2024 3:27 am