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Home » A Bitcoin Whale with 77 Million in 10Year Dormant BTC Awakens and Transfers Funds to Kraken
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A Bitcoin Whale with 77 Million in 10Year Dormant BTC Awakens and Transfers Funds to Kraken

By adminSep. 25, 2024No Comments2 Mins Read
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A Bitcoin Whale with 77 Million in 10Year Dormant BTC Awakens and Transfers Funds to Kraken
A Bitcoin Whale with 77 Million in 10Year Dormant BTC Awakens and Transfers Funds to Kraken
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Coin界网报道:
A Bitcoin whale, which mined cryptocurrency during the early days of the internet, has recently become active after nearly a decade of dormancy.

According to data from blockchain intelligence firm Arkham, this early miner has transferred a portion of its holdings to Kraken exchange.

The ancient Bitcoin whale has just sent BTC to Kraken. A Bitcoin whale that holds $77 million worth of Bitcoin mined two months after its inception has recently transferred 5 BTC to Kraken. As of now, this whale still retains 1,215 BTC (valued at $77 million). The Bitcoins were mined in February and March of 2009, just a month after Bitcoin’s launch.

Arkham reported that the wallet contains Bitcoins mined in February and March of 2009, making these coins originate only a month after Bitcoin’s introduction. The whale’s wallet still holds 1,215 BTC, which is approximately $77 million at current market prices. After nearly a decade of inactivity, the whale has shown signs of life in recent weeks.

Over the past three weeks, the whale has executed three separate transactions, transferring a total of 10 BTC to Kraken. The most recent transaction involved sending 5 BTC to Kraken. “After multiple movements from 2011 to 2014, his Bitcoins remained dormant for nearly 10 years, during which time their value surged from $474,000 to over $77 million,” Arkham noted regarding the price spike.

The trend of dormant Bitcoin whales becoming active follows a pattern where early Bitcoin miners show activity after long periods of inactivity. Just days ago, Arkham discovered another early whale that, after 15 years of dormancy, transferred Bitcoin worth $16 million.

In another development, Arkham reported that some of the earliest Bitcoin mining addresses have awakened. This wallet transferred $15.95 million worth of BTC (250 BTC) from five active addresses dating back to the first month of Bitcoin’s existence (January 2009). Each of these addresses received 50 BTC from mining blocks within the range of 2,000 to 2,700.

The exact reasons for the surge in dormant BTC whales remain uncertain. This movement coincided with Bitcoin’s recent price surge to over $63,000. BTC reached a peak of $64,996 before dropping to the current price of $63,100. This Bitcoin price has risen over 4% in the past seven days, according to CoinMarketCap data.

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