Bitcoin (BTC)
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05-07-20243 min read
News - Bitcoin Whale active again after 13 years
An old Bitcoin address has made its first transaction in 13 years. That's according to data from Whale Alert, the crypto-whale tracker.
💤 A dormant address containing 33 #BTC (2,142,474 USD) has just been activated after 13.0 years!https://t.co/3W6CV0avC8
— Whale Alert (@whale_alert) July 2, 2024
According to these records, the address sent 33 BTC, worth $2.1 million. Where the coins went is not known. The receiving address is not linked to any crypto exchanges or other whale addresses.
The first transaction of this unknown occurred in June 2011, a little less than a year after the disappearance of Bitcoin founder Satoshi Nakamoto. It is often speculated that sleeping whales wake up to sell their Bitcoin at a favorable time, but usually they only move their BTC stocks to one or more new addresses.
Last month, a Satoshi-era Bitcoin whale moved 1,000 BTC after being inactive for 10 years.
