The move comes just days after the same whale sent a similar amount to Galaxy Digital, which later forwarded 6,000 […]
The post Dormant Bitcoin Whale Resurfaces, Moves Over $4.7B in BTC After 14-Year Silence appeared first on Coindoo.
The move comes just days after the same whale sent a similar amount to Galaxy Digital, which later forwarded 6,000 BTC to Binance and Bybit.
This activity follows Bitcoin’s recent spike to a new all-time high of $122,000, before dipping back to around $118,000. Analysts suggest large holders cashing out could be behind the pullback.
The whale first appeared in motion on July 4, after sitting idle for over a decade. Blockchain data reveals the original BTC was split across eight wallets, with the first deposits dating back to 2011 when Bitcoin traded below $1.
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In a separate move, a smaller whale also came out of dormancy this week, moving 1,042 BTC—worth over $120 million—after six years of inactivity. Those funds originated from Braiins Mining and Xapo Bank back when Bitcoin was under $9,000.
Meanwhile, major early holders like Satoshi Nakamoto, the Winklevoss twins, Tim Draper, and Michael Saylor continue to hold their BTC untouched, with Nakamoto’s legendary 1.096 million BTC still frozen in place.
The post Dormant Bitcoin Whale Resurfaces, Moves Over $4.7B in BTC After 14-Year Silence appeared first on Coindoo.
Source: https://coindoo.com/dormant-bitcoin-whale-resurfaces-moves-over-4-7b-in-btc-after-14-year-silence/
[ajax_load_more]Benson Toti
Benson Toti
Benson Toti