Dormant Bitcoin Whale Transfers 5 BTC to Kraken: Details Inside

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Bitcoin Whale Reactivates
  2. Wallet History
  3. Other Cases of Old Wallets Reactivation


    4. According to data from Arkham Intelligence, a previously inactive Bitcoin whale address has been reactivated and has moved 5 BTC to the cryptocurrency exchange Kraken.

    Bitcoin Whale Reactivates

    Earlier today, a dormant Bitcoin whale address reactivated and moved 5 BTC to the Kraken exchange. Data from Arkham Intelligence indicates that this was the third BTC transfer from this address in the past few weeks, after a decade of inactivity.

    Wallet History

    Arkham's research shows that the BTC wallet received its first bitcoin stash during the initial months of the network's existence, between January and March 2009. The whale made several transfers of their BTC between 2011 and 2014 before halting any movement. Over this period, the value of their holdings rose from under $500,000 in 2014 to approximately $80 million at today's prices. Three weeks ago, the address reactivated and made three transactions totaling 10 BTC. The wallet still holds 1,215 BTC worth $77 million.

    Other Cases of Old Wallets Reactivation

    Arkham also pointed out another wallet that recently reemerged after 15 years of complete silence. This wallet received funds during Bitcoin's early months and held 250 BTC worth $16 million at the time. Additionally, CryptoPotato reported in August about another dormant wallet that was active during Satoshi Nakamoto’s era. This address earned 250 BTC in May 2010 and transferred the funds to five new wallets last month.

    The reactivation of old Bitcoin addresses highlights the enduring relevance and continual interest in the first cryptocurrency. It also raises curiosity about the motives of the holders and their plans for the future.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

BNB Chain Sets Activation Schedule for Lorentz Hard Fork

chest

BNB Chain developers have announced the activation schedule for the Lorentz hard fork, set to occur at block height 42,100,000, introducing BEP341 transaction priority changes aimed at reducing gas costs.

user avatarLi Weicheng

The Growth of Actively Validated Services in EigenLayer

chest

EigenLayer's success in restaking relies on the growth of Actively Validated Services (AVSs) that utilize restaked security, which is essential for generating sustainable fees and ensuring the overall success of the restaking model.

user avatarBayarjavkhlan Ganbaatar

EigenLayer Surpasses 5 Million ETH in Restaking Deposits

chest

EigenLayer has achieved a significant milestone by crossing 5 million ETH in restaking deposits, indicating the rapid growth of the restaking market.

user avatarAisha Farooq

Uniswap v4 Hook Library Expands with New Features

chest

Uniswap has recently expanded its v4 hook library by introducing automated liquidity management tools, allowing developers to customize liquidity pool behavior and enhance DeFi design.

user avatarTenzin Dorje

Optimism Launches Superchain Interoperability Upgrade on Sepolia Testnet

chest

Optimism has successfully launched its Superchain interoperability upgrade on the Sepolia testnet, allowing developers to test cross-L2 messaging across OP Stack chains.

user avatarMohamed Farouk

XRP Ledger Achieves Key Milestone with AMM Amendment

chest

The XRP Ledger has achieved 80 validator consensus for its Automated Market Maker amendment, marking the start of the activation window for native AMM functionality.

user avatarElias Mukuru

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.