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Dormant bitcoin whale transfers $60 million after nine years

Apr 20, 2023 · 1 min read · 58 points
Dormant bitcoin whale transfers $60 million after nine years
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A bitcoin whale address that has been dormant for over nine years transferred 2,071.5 BTC ($60.7 million) out today.

Highlights

  • A Bitcoin whale address that has been dormant for over nine years transferred 2,071.5 BTC ($60.7 million) out today.
  • The newly awoken address in question received its 6,07 1.5 bitcoins on Dec.
  • 19, 2013 — when the price of one bitcoin was just $663.
  • The reason for the move is unknown, some speculate that many long-time crypto users are moving old funds to new wallets amid a significant (and mysterious) wallet-draining operation seemingly targeting old wallets.
  • The bitcoin price has dropped by nearly 4% over the past 24 hours, the market-leading cryptocurrency is trading just below $29,000.
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