• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Whale Moves BTC: Sudden Activity from an Old Wallet

Whale Moves BTC: Sudden Activity from an Old Wallet

user avatar

by Giorgi Kostiuk

a day ago

A dormant wallet since 2011 has transferred nearly 4,000 bitcoins to a new address, attracting interest among crypto investors and analysts.

History of the Wallet and Its Startup

The wallet that executed the transfer of 3,962 BTC was created in 2011 when Bitcoin was priced around $0.32. Since then, it remained virtually inactive, recording only small transactions.

Bitcoin Market and Price Increase

In 2011, Bitcoin rose from $0.29 to $4.58, and today its price is around $119,000. This indicates a staggering growth of 37 million percent for this whale's portfolio.

Significance of the Transfer and Its Consequences

The transfer of such a large amount raises questions about the future use of these funds. The new address to which the BTC were transferred is not associated with any exchange or reputable wallet, which adds further intrigue for analysts.

The transfer of 3,962 BTC from a long-dormant wallet highlights significant market changes and may impact the future price dynamics of Bitcoin.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Palantir Enters Top 20 Valuable U.S. Companies with $375 Billion Market Cap

chest

Palantir, founded in 2003, achieves a market valuation of $375 billion amid rising investor interest in its AI business.

user avatarGiorgi Kostiuk

Trump Floats Idea to Use Tariff Revenue for Rebate Checks

chest

President Trump suggested using increased tariff revenues to provide rebate payments for certain American households.

user avatarGiorgi Kostiuk

Roman Storm's Trial: Tornado Cash Defense and Its Impact on Ethereum

chest

The trial of Roman Storm enters the defense phase, highlighting Tornado Cash's role as a privacy tool and its impact on Ethereum.

user avatarGiorgi Kostiuk

Liquidation Event on Crypto Market: $675 Million Losses

chest

A $675 million liquidation event occurred in the crypto market, affecting Bitcoin and Ethereum, as institutions stepped in to buy.

user avatarGiorgi Kostiuk

Wellgistics Integrates XRP into Financial Strategy

chest

Wellgistics Health has integrated XRP into its treasury strategy following a $50 million credit line.

user avatarGiorgi Kostiuk

Ethereum Surged 50% in Two Weeks: What This Means for the Future

chest

Ethereum has sharply increased by 50% in two weeks, determining future prospects and the state of this asset.

user avatarGiorgi Kostiuk

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.