Satoshi-Era Bitcoin Whale Selling After 10 Years—But Still Holds $72 Million



How’s this for a “HODL”: An ancient Bitcoin whale who received their coins back in 2009 is finally selling—after having not touched the stash for 10 years. 

Blockchain data firm Arkham Intelligence has been tracking the “diamond hands” investor, who last moved their coins back in 2014 ahead of the latest batch of transactions.

Since then, the Bitcoin sat gathering dust—until last month, when the mysterious holder started moving coins to American crypto exchange Kraken. 

Then, last week, the whale moved less than $1 million in Bitcoin to the exchange, and has continued to make moves to other wallets since then, including over the last day. According to Arkham, the whale has sold $10.5 million, but still has $72 million (1,064 Bitcoin) sitting in their wallet. 

The investment in question includes “Satoshi-era” coins—Bitcoin that became available just after the network went live in 2009 after the pseudonymous creator of the cryptocurrency Satoshi Nakamoto mined the first block.

A Bitcoin whale is the term given to cryptocurrency investors who hoard huge amounts of digital coins, and don’t touch them for years. It’s not clear from blockchain data whether such “HODLers” are individuals or companies, though given the age of the coins back to the earliest days of Bitcoin, it’s most likely an individual in this case.

Such movements—especially if the whale is a well-known entity—can lead to the price of Bitcoin dipping as industry observers and traders expect selling action. 

Bitcoin’s price hasn’t dipped today, though, and is currently trading for $68,075 after jumping more than 2% in 24 hours.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

  • Nu Moon

    Related Posts

    Golden State Warriors Name Coinbase as Crypto Sponsor, Replacing FTX

    Coinbase has struck a deal with the Golden State Warriors NBA team, the latest sign that digital asset companies are taking a fresh look at the value of U.S.-based sports marketing deals—and that teams and leagues are keen on such deals after many were burned in the wake of FTX’s collapse. As part of…

    Nvidia’s Sana: An AI Model That Instantly Creates 4K Images on Garden-Variety PCs

    Nvidia’s latest model promises to bring 4K image creation to everyday computers—and you’ll generate those images in a few seconds. Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    UK-first AI artwork to honour seven arts and film ‘game-changers’

    • By
    • November 6, 2024
    • 1 views
    UK-first AI artwork to honour seven arts and film ‘game-changers’

    Dogecoin Price Jumps 25% To Lead Market Gains, Why A Donald Trump Win Is Especially Bullish For DOGE

    • By
    • November 6, 2024
    • 1 views
    Dogecoin Price Jumps 25% To Lead Market Gains, Why A Donald Trump Win Is Especially Bullish For DOGE

    Today's Amazon deals: Save up to 74% on tech, home and fashion

    • By
    • November 6, 2024
    • 1 views
    Today's Amazon deals: Save up to 74% on tech, home and fashion

    Best AI Image Generators of 2024

    • By
    • November 6, 2024
    • 1 views
    Best AI Image Generators of 2024

    Trump Elected as 47th U.S. President, Crypto Markets Rally

    • By
    • November 6, 2024
    • 1 views
    Trump Elected as 47th U.S. President, Crypto Markets Rally

    Generative AI Courses to Create Realistic Images for AI Artists

    • By
    • November 6, 2024
    • 1 views
    Generative AI Courses to Create Realistic Images for AI Artists