A Bitcoin (BTC)-Whale, who has been silent for over eight years, is suddenly making waves by moving more than $30 million worth of BTC.
According to distributed ledger explorer Blockchair.com, the address first received 1,000 BTC on November 20, 2013, when that amount of Bitcoin was worth $567,600.
The BTC stayed in the wallet until Friday, when it was moved as part of a larger block that sent nearly 2,100 BTC to two other addresses. One address received 2,000 BTC and the other received 99.99 BTC.
The 1,000 BTC were valued at $30,090,000, more than 53 times the original 2013 price when Bitcoin was around $567. The transaction was processed for only 0.0016 BTC in fees, which equated to $47.15 at the time of execution.
The long-dormant whale wallet has received traces of bitcoin 23 times in the past eight-plus years, though those transactions appear to be dust attacks, with hackers and scammers stealing tiny amounts of a cryptocurrency (Dust) to send a large number of personal wallets to violate the privacy of wallet holders.
Crypto tracker Whale Alert was the first to spot the movement.
? ? ? A dormant address with 1,000 #BTC ($30,395,186) just activated after 8.5 years (worth $468,643 in 2013)!https://t.co/P9teBUAuY4
— Whale Alert (@whale_alert) May 13, 2022
Blockchair also reports that another wallet, which has been dormant since 2012, transferred 500 BTC on Thursday. The wallet initially deposited a single bitcoin on April 5, 2012, and added another 499 BTC on June 3 of the same year, when the top crypto was worth around $5.25. Over the years, the wallet in question also received small amounts of bitcoin, suggesting that bad actors or other entities were attempting dust attacks.
Transactions from long-dormant wallets usually attract media interest because they fuel speculation that the BTC is the secret creator of BitcoinSatoshi Nakamoto.
BlockchainAnalysts estimate that Nakamoto mined one million BTC starting with the first 50 BTC reward for the Genesis block on January 3, 2009. The last publicly verifiable sighting of Satoshi was in December 2010 when the client Software for the Bitcoin network was introduced version 0.3.19. Bitcoin is currently available in version 22.0.
At the time of writing, bitcoin is trying to recover from a market-wide plunge and is currently up 5.84% and trading for $29,980.
BTC was valued above $36,000 a week ago and briefly fell below $27,000 on Thursday.
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Source: Crypto News Deutsch