• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dormant Bitcoin Whale Transfers 5 BTC to Kraken: Details Inside

user avatar

by Giorgi Kostiuk

a year ago


  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Pundi AI and Alfa Protocol Join Forces to Revolutionize Gaming on BNB Chain

chest

Pundi AI and Alfa Protocol have partnered to integrate verifiable AI-generated data into on-chain gaming ecosystems on the BNB Chain, enhancing transparency and predictive gameplay.

user avatarArif Mukhtar

Perpetual DEXs Experience Rapid Growth, Challenging Centralized Exchanges

chest

The rapid growth of perpetual decentralized exchanges (DEXs) is transforming the cryptocurrency trading landscape, challenging centralized exchanges (CEXs) to adapt to new market demands.

user avatarDavid Robinson

Perpetual DEXs Outperform Centralized Exchanges with Lower Trading Fees

chest

A recent analysis shows that perpetual decentralized exchanges (DEXs) are significantly cheaper than centralized exchanges (CEXs) in terms of trading fees.

user avatarMaria Gutierrez

Hyperliquid Strategies Inc's Token Movement Raises Market Concerns

chest

Hyperliquid Strategies Inc has moved 90 million HYPE tokens ahead of a scheduled unlocking event in November, raising concerns about market volatility and liquidity.

user avatarAndrew Smith

SPX6900 SPX Shows Signs of Cooling Off After Recent Surge

chest

SPX6900 SPX, a memecoin, has experienced a significant surge but is now indicating potential decline after a technical breakdown.

user avatarJacob Williams

Victims of Lantian Gree Investment Program Suffer Heavy Losses

chest

Victims of the Lantian Gree investment program report severe financial and psychological harm due to the fraudulent scheme.

user avatarZainab Kamara

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.