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

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

chest

BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.

user avatarKaterina Papadopoulou

TAC Halts Block Production Due to Supply Exploit

chest

TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit.

user avatarTomas Novak

The Need for Reliable Data in Real Estate Tokenization

chest

The need for reliable pricing data in real estate tokenization is crucial due to the unique challenges it faces compared to liquid crypto assets.

user avatarMaya Lundqvist

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

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.