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News

This Bitcoin Whale Moves $30M Worth Of BTC After Being Dormant For Over 8 Years

Author: Bibhu Pattnaik | May 14, 2022 03:19pm

According to Blockchair.com, a Bitcoin (CRYPTO: BTC) whale has recently moved more than $30 million worth of BTC. The whale was inactive for over eight years. 

In a Twitter post, Whale Alert mentioned that the dormant address first received 1,000 BTC in 2013, which had a total value of over $468,600.

The anonymous account sent nearly 2,100 BTC to two other addresses on Friday. One address received 2,000 BTC and the other over 99.99 BTC.

Also Read: Bitcoin Whales Are Alive: Mean Transaction Volume At 7-Month High

The Blockchair also reported that another wallet that has been dormant since 2012 transferred 500 BTC. 

The wallet first deposited a single Bitcoin in 2012, then added another 499 BTC in June 2012, when the top crypto was worth $5.25. 

Meanwhile, the number of Bitcoin being deposited into exchanges has been on the rise. Bitcoin market tracker Glassnode recently mentioned exchange inflows of more than 1.7 million coins. 

 

Posted In: $BTC