Dormant Bitcoin whale activates after 10 years with $100 million

user avatar

by Giorgi Kostiuk

3 years ago

Made with AI

A Bitcoin address containing 1,701 BTC, valued at $115.41 million, has not been used since 2014. Recently, the dormant Bitcoin whale accessed this old address to perform a 50 BTC transaction on April 6, Saturday.

This wallet is a legacy Bitcoin wallet starting with '1,' like '1CLxm...1oeUZ'. In 2014, the whale spent 2,570 BTC, equivalent to $1.60 million at the time when Bitcoin was $625. After that, it remained inactive for a decade, accumulating a total of 4,272.29 BTC over time, now worth almost $300 million in total.

The dormant Bitcoin whale's recent activity initiated Foundry USA's participation at block height 837,959, visible through only three confirmations currently. The whale paid a whopping $0.93 in fees to complete the 50 BTC transaction it made.

This legacy address utilized 245.99 BTC for the recent transaction, where 50 BTC were sent to another legacy address '1PRRE...sGjRo' which had just been activated. Following the transaction, the whale received 195.98 BTC change in a modern SegWit address 'bc1qg...fxrk7,' suggesting a wallet update.

For Bitcoin investors, it is crucial to keep an eye on this dormant Bitcoin whale, as their decision to sell coins can significantly impact the market. However, it remains uncertain whether this activity is merely managing balances or signifies something else. Monitoring dormant whale activity can serve as an essential market indicator when making investment choices, possibly hinting at a bearish sentiment emerging.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

NYSE Partners with Major Firms for Tokenized Securities Initiative

On November 2, the New York Stock Exchange announced partnerships with Broadridge, Computershare, Equiniti, and Superstate to support a proposed tokenized securities venue aimed at enhancing infrastructure and improving market operations.

user avatarGustavo Mendoza

BTCPay Servers 247 Release Addresses Security Vulnerabilities

The latest release of BTCPay Servers, version 247, includes critical security fixes to enhance security for businesses operating their own Bitcoin payment servers.

user avatarRajesh Kumar

Aave Freezes tBTC Supply and Borrowing Amid Threshold's Pause

Aave contributors announced a freeze on additional tBTC supply and borrowing in its Ethereum Core market following Threshold's temporary pause of the token's mint and redeem functions.

user avatarMiguel Rodriguez

BitMine Immersion Technologies Reports Significant ETH Holdings

BitMine Immersion Technologies disclosed its holdings of 6,060,506 ETH as of November 1, with a significant portion staked.

user avatarLuis Flores

CrowdStrike Introduces AI Agent Kill Switch to Enhance Corporate Security

CrowdStrike has introduced an AI agent kill switch to enhance security in corporate networks, allowing administrators to stop unauthorized AI activities.

user avatarArif Mukhtar

TLDR Strategy Acquires Additional Bitcoin and Repurchases Preferred Shares

TLDR Strategy announced the acquisition of 811 Bitcoin for approximately $655 million and the repurchase of about $208.2 million of its STRC preferred shares.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.