A “whale” Bitcoin account has unexpectedly returned after more than 10 years of silence and transferred the equivalent of $37.8 million to another wallet. Data from Lookonchain on June 8 shows that this Bitcoin account has moved the entire amount of 1,432.93 BTC to a new address named “bc1psv”.
The last time this account was active was on April 9, 2013, during the so-called “Satoshi era”, when it received 1,432.92 BTC at $195 each. This means that the account owner has spent about 280,000 USD and could get close to 37 million USD if he decides to sell all the coins in the wallet at the present time.
The intentions of this account owner are unknown at this time. Data from Cointelegraph shows that, every time a “whale” appears before that, the Bitcoin market often experiences extreme volatility. The event is of interest to the crypto community as the origin of these coins can affect many early stage investors. There is nothing special if this “whale” is just a regular cryptocurrency miner or investor. However, analysts do not rule out the possibility that they have their roots in the “banning era” when Bitcoin thefts took place continuously. Hackers can hide for a decade and only now begin to have new activities.
Cryptocurrency analysis company CoinGlass said that at the time, there were about 19 million Bitcoins in circulation. Of these, 1.89 million Bitcoins worth $50.7 billion are held on major centralized exchanges like Binance and Coinbase.
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