A unique case in the cryptocurrency world - an ancient whale who accumulated Bitcoins from 2009 to 2011 is back in the spotlight following a major transaction.
Who is the Crypto Whale?
The ancient crypto whale is an investor who acquired a significant amount of Bitcoins in the early days of cryptocurrency. These assets became known as the 'Satoshi period', when Bitcoins were just beginning to gain popularity.
Recent Transaction
The crypto whale gained attention after moving 80,009 BTC of his assets on July 4th. Now, he has made headlines again by transferring 20,009 BTC (approximately $2.42 billion) from two old wallets to a new address 'bc1qmu'. This transfer was made using a modern low-fee address format. It has been reported that the transferred BTC has not been sent elsewhere, and the owner's identity remains unknown.
Historical Value of Old Bitcoins
Two wallets belonging to the same whale bought 20,000 BTC on April 2, 2011, when the price was just $0.78 per BTC, which today is worth approximately $2.37 billion. The other six wallets purchased a total of 60,009 BTC at a price of $3.37 per BTC on May 4, 2011. The total value of these assets today is around $7.19 billion. Such ancient Bitcoins are considered rare and valuable because they were obtained during the period when Bitcoin's creator, Satoshi Nakamoto, was active.
The recent transaction of the ancient crypto whale highlights the importance of historical aspects of Bitcoin and draws attention to the rare assets remaining from the early days of its existence.
