Old Bitcoin whale moves millions in BTC after 12 years

A wallet that contained more than 300 Bitcoin For more than ten years, on Friday was emptied when the price of the active fell to a low blockchain of three weeks fell facts Shows.

The wallet, which starts with “1C5CB”, was first financed via a coinjoin address in 2013, when the leading cryptocurrency per market capitalization of owner changed around $ 75, according to Crypto Market Data Provider Mint market cap and analysis platform Arkham Intelligence.

At the time, Bitcoin was seen as a financial curio and Mainly used to buy medicines On the DarkNet Market Silk Road. The price of the active has risen by 152,300% since the wallet was first financed, which resulted in an amount of $ 34.8 million, with Bitcoin recently fluctuated below $ 114,000.

The person who has acquired the Bitcoin is huge on paper, but the stock was peanuts compared to some old bitcoin awakened by the recent rally. Two weeks ago, a ever dormant address moved $ 4.7 billion to Crypto exchange Galaxy Digital. After Another round van Transfers, the company said It had sold 80,000 Bitcoin worth $ 9 billion on behalf of a customer.

A smaller but comparable tranche of 50 Bitcoin worth $ 5 million was activated in April. Those funds were obtained in 2010When the original cryptocurrency cost around $ 0.10.

Bitcoin could be entangled in a month-long correction phase, while holders in the long term in cash, on-chain data cryptoquant warned This week. It said that the market absorbs great sale of whales, a term that has been reserved for large holders for the third time since 2024.

The Bitcoin did not seem to go to an exchange on Friday. The Bitcoin was divided between two walletwho contain 106 Bitcoin and 200 Bitcoin respectively.

Coinjoin addresses are used to improve the privacy of Bitcoin transactions by combining the bitcoin of multiple users in a single transaction. That it makes it more difficult for people to keep track of the transaction flow by hiding their origins and destinations.

The wallet did not receive the bitcoin from mining. Experts have identified early Bitcoin mini workers as Probably goals For quantum computers, when they become strong enough to crack the coding of Bitcoin for early wallet-species wallets.

Kwantum-heavy coins include that of Satoshi Nakamoto, the pseudonym of Bitcoin. If the biggest whale of the active, it is believed to have them 1.1 million BitcoinAn amount worth $ 125 billion at the current prices.