|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Miner From Network's Earliest Months Is Sending BTC to Kraken
Sep 24, 2024 at 09:05 pm
The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 BTC so far in three separate transactions.
A bitcoin (BTC) miner from the network’s earliest months has transferred some BTC to crypto exchange Kraken after a decade of dormancy, on-chain tool Arkham has observed.
The entity, colloquially termed a “whale” due to its large bitcoin holdings, mined bitcoin as early as one month after the network went live. On Tuesday, the whale sent 5 BTC to Kraken, which is currently valued at just over $300,000.
According to Arkham, the whale moved bitcoin several times from 2011 to 2014 to other wallets or exchanges, after which the wallet showed no activity for nearly ten years. During that period, its bitcoin holdings increased in value from $474,000 to over $80 million.
The wallet began moving bitcoin to Kraken three weeks ago and has now transferred a total of 10 BTC in three separate transactions. Moving a large amount of tokens to an exchange is usually an indication of an intent to sell for cash, stablecoins or other tokens.
Last week, another “Satoshi Era” bitcoin wallet showed activity for the first time in 15 years, sending $16 million in BTC to several different wallets.
The Satoshi era generally refers to the period when bitcoin’s pseudonymous creator, Satoshi Nakamoto, was known to be active on online forums from late 2009 to 2011.
Several “Satoshi era” bitcoin wallets have been observed to be active in the past few years. In July 2023, a wallet that had been dormant for 11 years transferred $30 million in the asset to other wallets, while another wallet in August transferred 1,005 BTC to a new address. Then, in December last year, over 1,000 BTC were sent to crypto exchanges - where they were likely sold off - in one of the largest amounts from the Satoshi era to be moved to exchanges.
Edit
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Dogecoin (DOGE) vs GoodEgg (GEGG): Which Meme Coin Will Outperform in 2024?
- Sep 25, 2024 at 12:25 am
- For years, Dogecoin (DOGE) has been the king of meme coins, capturing the hearts of millions with its playful Shiba Inu mascot and the support of
-
- The Open Art (TONX) – A Night Where Innovation Meets Freedom of Expression
- Sep 25, 2024 at 12:25 am
- The Open Art, hosted by Blum, TONX, and TON Society during Token2049, is an event where attendees get to immerse in a night where innovation meets freedom of expression.
-
- Lunex (LNEX) Network: A Revolutionary DeFi Protocol Connecting All Isolated Blockchains into One Non-Custodial Exchange
- Sep 25, 2024 at 12:15 am
- The crypto market has several DeFi exchanges like Uniswap and PancakeSwap, but none of these allow users to exchange cryptos across different blockchains.
-
- SUI and AVAX Surges After the Fed Rate Cut: What's Next?
- Sep 25, 2024 at 12:15 am
- The recent Federal rate cut, which many people take for bad news, was actually a blessing in disguise for cryptos such as Sui (SUI) and Avalanche (AVAX).
-
- Ripple (XRP) Price Prediction: Can XRP Deliver an Explosive Price Gain Soon?
- Sep 25, 2024 at 12:15 am
- A closer look at the crypto market reveals the immense gains many digital assets have delivered in preparation for the year's final quarter.
-
- ALEO Airdrop is Live — Claim Your Free Tokens!
- Sep 25, 2024 at 12:15 am
- Claiming your blockchain ALEO tokens is easy! Just adhere to these quick steps and start using your tokens immediately.
-
- Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges
- Sep 25, 2024 at 12:15 am
- According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours.
-
- Genesis Global Transfers 5,000 ETH to FalconX Amidst Bankruptcy Proceedings
- Sep 25, 2024 at 12:15 am
- A wallet belonging to the bankrupt crypto lender Genesis Global has transferred 5,000 Ethereum (ETH) worth $13 million to a deposit address belonging to FalconX.