2023-08-15 06:32:21
Another bitcoin whale has woken up from years of sleep: wallet 12vZGy moved 1005 BTC to a new address bc1q6r.
According to BitInfoCharts, the value of 1,000 bitcoins he received in November 2010 was $225. In April 2011, the address received another 5 BTC. At the moment, this modest amount has turned into $ 29.75 million.
The bitcoins stored in the “awakened” wallet belong to the “ancient stock” – this is how analysts call tokens acquired or mined at least 7 years ago.
Source: bitinfocharts
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The emergence of the Satoshi era bitcoin wallet has sparked speculation and intrigue in the crypto community, as addresses from this early period are extremely rare, and the true identity of the anonymous creator of bitcoin has remained one of the biggest mysteries in the industry for many years.
However, experts remain skeptical. Given the huge number of early adopters and developers involved in the creation of BTC, it is highly unlikely that the awakened address belongs to the legendary Satoshi.
Bitcoin Whales Are Highly Active
Recently, there has been a significant movement of “ancient bitcoins” in the market. Since the beginning of 2023, more than 5,000 coins have come out of hibernation, with almost half of them dating from 2012-2013.
It is generally accepted that the activity of old wallets is not a good sign. This may mean that the owner will soon sell the coins he owns. However, in some cases, the holders simply move the BTC to other addresses and continue to “hod” them further.
Analysts at the Glassnode platform have found that the likelihood of old holders selling bitcoin is significantly reduced after 155 days. Moreover, a recent report showed that the amount of BTC held for a long time is growing by 100,000 per month.
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