A bitcoin whale has moved 1,037.42 $BTC, worth close to $37 million, after 11 years. By shauryamalwa.
An early bitcoin holder moved some $37 million worth of the cryptocurrency to fresh wallets after eleven years of inactivity, sparking discussions around what the intention of this could be.
The whale, a term for an influential holder of any financial asset, moved all of their 1,037.42 bitcoin to a new address"bc1qtl" in the wee hours of Wednesday. “The whale received 1,037.42 $BTC on Apr 11, 2012, when the price was $4.92,” on-chain analytics firm LookonchainSuch large movements from early participants are typically uncommon. This movement could mean the holder is preparing to sell tokens, stake on an exchange, or diversify their holdings for other tokens.
The movement is the latest in a line of old wallets moving tokens such as bitcoin or ether to exchanges this year. In April, at least four walletsLast week, a wallet that received over 61,000 ether in the initial coin offering eight years ago, transferred the entire amount to a wallet . Those holdings are worth over $116 million at current prices and were purchased for 31 cents a token during the ICO.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin whale exchange inflow share hits 1-year high — over 40%Bitcoin whales account for the biggest exchange flow portion in a year at current BTC levels.
Read more »
Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy – Bitcoin NewsSo far this year, a total of nine such block rewards from the 2010 era have been spent, resulting in the transfer of 450 bitcoin.
Read more »
Bitfinex Moves Gargantuan Bitcoin (BTC) Chunk, Here's Surprising DestinationMajor exchange Bitfinex has seen hundred million USD in Bitcoin withdrawn from it, here's what research report has to say about this
Read more »
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals – Mining Bitcoin NewsStatistics show Bitcoin's difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023.
Read more »
Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis – Mining Bitcoin NewsWhile the clothes dryer serves to dry clean laundry, the bitcoin mining machine also compensates the owner in satoshis.
Read more »
Killer Whale Matriarchs Are Wise, Generous and a Little DisturbingDecoding the secret life of orca matriarchs: wise guides, generous providers, and cold calculators. Unravel the intriguing mystery of why these creatures outlive their childbearing years and their unique role in the orca world.
Read more »