A Bitcoin whale wallet address, which had remained inactive for over a decade, has made headlines by suddenly coming into action. The Bitcoin whale transferred over 1,400 BTC to a newly created wallet address.
In a Single Transaction, 1,432 BTC Worth $37.8 Million was Transferred
A Bitcoin whale, holding a significant amount of BTC in a wallet address, broke its silence by sending 1,432 BTC worth $37.8 million to a new wallet address today at 08:23 local time, after being inactive for more than 10.2 years.
According to on-chain analyst Lookonchain, the wallet address received its first BTC purchase on April 9, 2013, when the Bitcoin price was trading at $195.40.
Bitcoin Whale Wallet Addresses Are Waking Up One After Another
The said BTC transfer is the latest in a series of similar transactions executed by multiple whale-level wallet addresses that have awakened in recent months. On April 24, 2023, a Bitcoin whale wallet address that had not been active for 12 years transferred approximately $11 million worth of BTC to another address. Shortly after this transaction, another Bitcoin whale wallet address that had been inactive for 9 years sent about $61 million worth of BTC to another address. In addition, it was observed that a Bitcoin whale wallet address, which had not been active for 10 years, sent 279 BTC to another wallet address.
On the same day, it was reported that a whale-level Ethereum wallet address, which had been inactive for exactly 7.7 years since its participation in the project’s initial coin offering, became active and made a transaction of only 1 ETH, considered to be for testing purposes.
According to data provided by the crypto data platform CoinMarketCap, Bitcoin is trading at $26,429, with a market cap of $512.62 billion, down 1.58% in the last 24 hours. Bitcoin, which has been preparing to breach the $30,000 level for weeks, is under selling pressure following lawsuits filed by the US SEC against Binance and Coinbase.
