A Sleeping Whale Finally Awakens, Transfers $88M Worth of Bitcoin
A dormant bitcoin address that had remained inactive for nearly nine years suddenly came to life on December 18, 2023. The whale behind the address transferred 2,101 bitcoins worth $88.55 million to two new addresses.
The Origins of the Whale’s Stash
In February 2015, the dormant address first received the 2,101 bitcoins from another address. The value of the bitcoins at that time was $510,543, with each bitcoin priced at $243.
A Breakdown of the Transfer
The inactive address distributed the bitcoins to two new addresses. One received 1,762.99 bitcoins, while the other received 338 bitcoins.
Privacy Concerns and Security Lapses
The transaction by the whale raised concerns about privacy and security. The privacy rating for the transaction was only 0 out of 100, indicating security lapses and matched address identification.
Similar Activity from 2016 Addresses
Four seven-year-old addresses from 2016 also became active on December 15, 2023. These addresses transferred a total of 734.98 bitcoins worth $30.93 million.
The Whales’ Intentions
It is unclear whether these dormant whales have sold their holdings or simply moved them for security purposes. The crypto community is left speculating about the motives behind such movements by these sleeping bitcoins.
Hot Take: A Wake-Up Call for the Crypto World
As dormant bitcoins continue to awaken, it sparks curiosity and speculation within the crypto world. The sudden activity from long-inactive addresses raises questions about the motives and future actions of these whales.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.