Bitcoin Whale Awakens: $1.26 Billion Moves After Years of Dormancy
Bitcoin Whale Moves $1.26 Billion in Dormant Coins
Major Transfer by Bitcoin Whale
Recent reports indicate that three Bitcoin wallet addresses, believed to be under the control of a single entity, have executed a significant transfer of 10,603 BTC, valued at approximately $1.26 billion. This transaction marks a notable event after several years of inactivity from these wallets.
Historical Context of the Wallets
These wallets first received Bitcoin on December 13, 2020, when the cryptocurrency was trading around $18,000. Since then, two of the addresses have remained completely inactive, while the third had only moved a small amount—just 7 BTC—three years prior to this recent activity.
Full Transfer to Unmarked Addresses
On Tuesday night, all three wallets transferred their entire holdings to unmarked addresses, raising eyebrows in the cryptocurrency community. This sudden movement has sparked speculation about the motivations behind the transfer.
Evidence of Single Ownership
Data from Arkham Intelligence suggests that these wallets interacted with a common address, reinforcing the theory that they are likely controlled by the same individual or entity. This development follows another significant event earlier this month, where a whale from the Satoshi era moved over 80,000 BTC, worth around $9.5 billion, after being dormant for 14 years.
Current Bitcoin Market Status
As of now, Bitcoin is trading at approximately $118,841, following the recent movements by these whales and an extended rally that saw prices surpass $123,000. The market continues to react to these large transactions, which often influence trading patterns and investor sentiment.
This article is intended solely for informational purposes and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions. The views expressed here are those of the author and do not necessarily reflect the opinions of CoinMarketCap or its affiliates.
