Wallet inactive for 9 years transfers $60,7 million worth of bitcoins
Over the years of “being dormant,” the value of the user’s assets has increased 53 times
20.04.2023 - 14:35
312
3 min
0
What’s new? On April 20, a large bitcoin holder transferred 2071,5 BTC (about $60,7 million) from his wallet to an address beginning with “bc1q.” Until then, the unknown investor’s wallet had been inactive for more than 9 years, with the previous transaction taking place on December 19, 2013, blockchain analysts at Lookonchain reported.
A whale with 6,071.5 $BTC($178M) that has been dormant for 9.3 years transferred 2,071.5 $BTC($60.7M) out today. And the 2,071.5 $BTC was finally transferred to the address starting with "bc1q".The whale received 6,071.5 $BTC on Dec 19, 2013, when the price was $663. pic.twitter.com/CBpoIy2mEk — Lookonchain (@lookonchain) April 20, 2023
What else is known? At the time of the transfer, the whale wallet held 6071,5 BTC (about $178 million), received in December 2013 at the rate of $663 per coin. At that time, the value of all assets owned by the user was $3,36 million. In nine years, thanks to the growth of the exchange rate, it has increased almost 53 times.
“He finally found it [his key],” ironically commented one Twitter user on the news.
Large DOGE holder gets rid of 1,5 billion tokens following coin’s sharp rise in price
The withdrawal of assets from the wallet was made in three transactions between March 30 and April 4
According to analytics service Glassnode, at the end of February, the number of bitcoins that have been inactive for more than 10 years exceeded the total amount of the asset on all crypto exchanges. At the time, there were 2,6 million BTC worth $74,69 billion in inactive status.
According to CryptoRank, in 2022 the number of forever lost bitcoins exceeded 4,7 million ($134,998 billion at the exchange rate on April 20).
Useful material?
Business
Earlier, Brad Garlinghouse claimed apparent harassment of the company by the US authorities
May 14, 2024
Crypto regulations
According to Brad Garlinghouse, the magnitude of the impact of such harassment on the crypto ecosystem is beyond prediction
May 13, 2024
Crypto regulations
The condition is part of the exchange’s agreement with authorities to plead guilty to regulatory violations
May 13, 2024
Market
The USDT issuer responded by saying that the report lacked sufficient data to support such claims
May 10, 2024
Incidents
The breach was reported to Binance by the head of its monitoring department, who was later fired
May 9, 2024
Trends
In April, the project’s launch on the crypto exchange was postponed twice
May 9, 2024