2024-03-02 19:31:50
About 88 days ago, on December 4, 2023, a mysterious megaball, watched by many onchain analysts, made waves by transferring 2,000 old bitcoins from 2010, which were confirmed in a single block. Since March 2020, this entity has moved a whopping total of 16,000 bitcoins to various wallets. These bitcoins have been around since the day they were mined they were asleep. Now they moved again.
$123 million worth of old bitcoin moved
On March 1, 2024, the infamous megabal, originally spotted on March 11, 2020, has transacted a total of 2,000 BTC in approximately 40 separate transactions since 2010. Each transaction contained a reward of 50 BTC originating from 40 unique Pay-to-Public-Key-Hash (P2PKH) addresses. The whale last appeared in the news on December 5, 2023.
These funds were then pooled into a single Pay-to-Script-Hash (P2SH) address, and at the time of this report, the BTC address “3BhsG” held the entire 2,000 BTC pool. The 40 transactions confirmed at block height 832,648 reflect the whale’s previous activity. All starting addresses were created in August, September, October and November 2010.
All addresses that are more than 13 years old saw a transaction for the first time on March 1, 2024, until then they were dormant. At the same time, the whale also moved the 2000 bitcoin cash (BCH) belonging to these bitcoins and directed them to a known address “qpq4u”
BTC may have initially been worth around $800 before November 2010, but today it is worth $123.9 million at current exchange rates.
This activity by the megabalone is a significant event in 2024, as the “dormant bitcoin wallet” spending of 2010 is becoming increasingly rare these days.
Since 2020, Bitcoin.com News has tracked this whale in 14 different instances using btcparser.com’s blockchain analyzer. Since then, the total value of 16,000 virgin and 2010 vintage BTC moved by the whale is nearly 991 million dollars.
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