Unknown person transfers $35 million worth of bitcoins for the first time in 12 years
During the wallet’s inactivity, assets have appreciated 9186 times in value
01.04.2024 - 11:12
346
2 min
0
What’s new? Lookonchain analysts recorded a transaction related to a bitcoin wallet that had been inactive for almost 12 years. Thus, on March 30, the wallet owner transferred all coins (500 BTC worth $34,78 million) from it to several new addresses. He received the assets on July 14, 2012, when the value of one coin was $7,57, since then the value of the savings has increased 9186 times.
What else is known? The identity of the individual or entity that made the transfer, as well as the reason for the transfer, remains unknown. This transaction followed another large transfer from a sleeping wallet, also recorded in the past week.
On March 26, for example, an early miner who received 2000 bitcoins in 2010 pooled the coins. He transferred 40 mined block awards on the blockchain, each worth 50 BTC, to a single address. At the time the rewards were worth $600, the coins are now valued at $140 million.
And from March 23 to 24, the fifth-largest bitcoin address by accumulation transferred $6 billion worth of coins to three new wallets. Before that, it had been inactive since 2019.
In early March, early miner addresses that had been dormant for more than 10 years transferred a total of 1000 BTC to US crypto exchange Coinbase. This preceded a 12% drop in the asset’s exchange rate.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 488
BTC
+0.82%
-
Ethereum
$3 331.65
ETH
+6.26%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+24.56%
-
Dogecoin
$0.387823
DOGE
+0.99%
-
Cardano
$0.863225
ADA
+10.31%
-
Bitcoin Cash
$486.89
BCH
-6.03%
-
Polkadot
$6.05
DOT
+7.55%
-
Stellar XLM
$0.28459
XLM
+18.03%
-
Litecoin
$89.83
LTC
+0.43%