Bitcoin whale rouses after 12 years, moves nearly $11 million in latest awakening
Quick Take
- A bitcoin whale has just moved over $10 million after a 12-year hiatus.
- It’s the most recent whale transaction in the past week, with almost $80 million being moved by dormant whales since Thursday.
A dormant bitcoin whale address, which hasn't been active for 12 years, transferred nearly $11 million in bitcoin
The address in question sent 400 bitcoins in batches of 100 to another address with a cumulative U.S. dollar value of $10.9 million. The transfer transaction fee came to 19 thousand satoshis, or $5.22, according to on-chain data.
The wallet had been dormant since 2011, when it added 900 and then 100 bitcoin worth around $4,300 and $480 at the time, respectively, according to on-chain data via BitInfoCharts.
Today's awoken whale follows a recent trend of long-dormant wallets springing back to life.
Wake up call
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On Thurday, a bitcoin whale address that had been dormant for over nine years transferred 2,071.5 BTC ($60.7 million) out. A day later, another whale awoke after a decade of inactivity, transferring 279 bitcoins — worth $7.8 million — to three fresh addresses.
The wake-up isn't limited to Bitcoin, a long-dormant Ethereum address that participated in the blockchain's initial coin offering, or ICO, awoke after over seven years today. The wallet transferred one ether to a new address.
UPDATE: the transaction fee was 19,000 satoshis.
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