Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Bitcoin News

Bitcoin Whale Moves $11 Million in Bitcoin Following 12 Years of Inactivity

Hania by Hania
April 25, 2023
in Bitcoin News
Reading Time: 2 mins read
A A
0
Bitcoin Whale Moves $11 Million in Bitcoin Following 12 Years of Inactivity
Share on FacebookShare on Twitter
ADVERTISEMENT

After 12 years of inactivity, a dormant BTC whale transferred $11 million worth of the major cryptocurrency.

A bitcoin whale who had no activity in his wallet for 12 years recently transferred 400 BTC, or over $11 million, to a number of addresses. 

This is yet another long-term HODLer who awakens after over a decade of inactivity. For the first time in nine years, a dormant Bitcoin whale moved over 2,000 BTC last week.

The Satoshi-era Bitcoin whale sent 40 BTC ($1.1 million) to several addresses while transferring 360 BTC (about $9.8 million) to one address.

You May AlsoLike

Mixin Network Falls Victim to $200 Million Security Breach

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023

Bitcoin Whale Moves $11 Million in Bitcoin Following 12 Years of Inactivity

It’s important to note that the HODLer hasn’t sold any of the stock since 2011, which is two years after Satoshi Nakamoto mined the first block of the primary cryptocurrency, an occasion known as Genesis Day.

A second Bitcoin wallet that was inactive for more than nine years suddenly transmitted 2,071.5 BTC, or more than $60 million, to an address that begins with “bc1q.”

On December 19, 2013, the day the corporation got the coins, the whale’s total holdings—6,071.5 BTC—were worth almost $4 million.

This week, an Ethereum wallet that took part in the initial coin offering (ICO) in 2016 also came to life. It transferred one ETH to a new address. Seven years ago, they were given 2,365 ETH, which at the time was only worth $733. The assets now have a value of over $4.3 million.

The causes of the most recent awakenings are still unknown. However, some speculate that large crypto holders have started moving their old funds to new addresses as a safety precaution. 

Other Twitter users have humorously suggested that the reason those whales were able to do such transactions was because they had finally found their private keys.

The price of bitcoin has recently been tumbling, lowering more than 8% of its value over the last week, and is currently trading at around $27,300.

Read More:

Bitcoin Emerges As The Best-Performing Asset Class In Q1, 2023

Bitcoin Price Soars To $29K Amidst Binance Crackdown

Tags: BTCcrypto newsWHALE
Share78Tweet49
ADVERTISEMENT
Previous Post

Coinbase Files A Lawsuit To Force The SEC To Respond To Its Rules Petition

Next Post

FLOKI Went Up 40% Shortly After Listing On Binance US

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week
Altcoin News

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years
Bitcoin News

Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years

September 22, 2023
Robert Kiyosaki’s Insights On Gold, Silver, And Bitcoin
Bitcoin News

Robert Kiyosaki’s Insights On Gold, Silver, And Bitcoin

September 20, 2023
Crypto Industry Alert: SEC’s Enforcement Chief Signals More Charges for Exchanges and DeFi
Bitcoin News

Crypto Industry Alert: SEC’s Enforcement Chief Signals More Charges for Exchanges and DeFi

September 20, 2023
Bitcoin Futures Open Interest Surges By $1 Billion: Market Dynamics Unveiled
Bitcoin News

Bitcoin Futures Open Interest Surges By $1 Billion: Market Dynamics Unveiled

September 20, 2023
Next Post
FLOKI Went Up 40% Shortly After Listing On Binance US

FLOKI Went Up 40% Shortly After Listing On Binance US

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    193 shares
    Share 77 Tweet 48
  • Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

    192 shares
    Share 77 Tweet 48
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.