- He moved more than $3.5 million.
- 139 BTC were sent to the newly created Segwit address
- The whale bought coins back in 2011
May 13, 2023 awoke another Bitcoin whale and sent 139 BTC to the newly created Segwit address. He bought his bitcoins 12 years ago, and paid about $2,250 for them. Now $2,250 has turned into $3.5 million.
This is the fourth bitcoin whale in a month that has shown activity in a long time. At the end of April, the bitcoin whale woke up after 12 years of inactivity, and moved almost $11 million worth of bitcoins. On April 24, it sent 400 BTC in batches of 100 pieces to another address. Notably, the transaction fee was 19 Satoshi, or $5.22.
In front of him, a wallet that has not shown any activity for the past 10 years transferred 279 BTC for a total of $7.8 million to three fresh addresses. In October 2012 and May 2013, 1,128 bitcoins were transferred to this wallet. At that time, the price was $12 and $195 per coin, respectively.
It is difficult to say whether these movements are related to the sale of coins or simply a change in the storage strategy. Given that Bitcoin is anonymous, we may never know who owns these coins or how they are used.
Analyst company Glassnode reported that the likelihood of selling dormant coins increases after 155 days, which may indicate a change in the minds of the owners.