Three Satoshi Era bitcoin (btc) whale addresses that have been inactive since November 2017 transferred 6,500 btc, worth an estimated $230 million, on November 2. Satoshi Era btc refers to the very early stage of the bitcoin network when it was still relatively unknown. .
According to Bitinfocharts data, the first wallet moved bitcoin/address/16XwK6UZKQxYEkYzZjP55kNzxDFq1GkBM2″ target=”_blank” rel=”noopener nofollow”>2,550 btc, It is estimated to be worth $90 million. A second direction moved bitcoin/address/1ByTg4UG5TD9Pt84ww2GJupmkFNSg7WX9a” target=”_blank” rel=”noopener nofollow”>2,000 btc valued at $71 million, and the third address transferred around bitcoin/address/1LVY5FG4knNDYhGGxutDf6Vh33SjEEAepC” target=”_blank” rel=”noopener nofollow”>1,950 btc valued at 69 million dollars.
The three wallets had another thing in common, that is, the last transaction of the three wallets occurred on November 5, 2017, almost six years ago. Therefore, these wallets slept through bitcoin‘s bull run and all-time high of over $69,000. Most of the bitcoin in the three whale wallets dates back to July 2011 and is linked to F2Pool, a bitcoin mining pool, suggesting that it may have been accumulated through the mining process during the early phase of bitcoin. . This means that all three wallets would have held btc when it was trading below $15.
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It is not confirmed whether all three wallets belong to the same individual or entity, although the wallet’s history, along with its transaction patterns, suggests that could potentially be the case. The recent movement of bitcoin whale addresses holding 2011-era btc comes just days after the btc price hit a new yearly high above $35,000.
In 2023, several bitcoin whales and addresses older than ten years emerged from their dormant state and transferred btc from the 2010s to new addresses. In early July, a wallet dormant for 11 years transferred $30 million in btc; A month later in August, a Saotshi-era wallet transferred 1,005 btc to a new address.
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