The Bitcoin Whale That Previously Moved 80,000 Bitcoins Makes Another Transaction After Today’s Rally – What’s Going On?

An ancient whale, who attracted attention with his Bitcoins, which were obtained between 2009 and 2011 and remained dormant for years, known as the โ€œSatoshi periodโ€ in the cryptocurrency world, has made a large transaction again.

This whale, who previously made headlines on July 4th by moving 80,009 BTC of his assets, has now transferred 20,009 BTC (approximately $2.42 billion) from his two old wallets to a new address.

The new destination address was identified as โ€œbc1qmu,โ€ and like previous transactions, this transfer was made using a modern, low-fee address format. It's reported that the transferred BTC hasn't been sent elsewhere, and the identity of the wallet owner remains unknown.

  • Two wallets belonging to the same whale bought 20,000 BTC on April 2, 2011, when the price was just $0.78 per BTC. The current value of these BTCs is $2.37 billion.
  • The other six wallets purchased a total of 60,009 BTC at a price of $3.37 per BTC on May 4, 2011. The total value of these assets today is approximately $7.19 billion.

These types of ancient Bitcoins are considered rare and special because they were obtained during the period when Bitcoin's creator, Satoshi Nakamoto, was active.

*This is not investment advice.

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