Crypto Currency

Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to

Key Takeaways

  • An early Bitcoin whale transferred $3.6 million to Kraken exchange.
  • Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

Share this article

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence. 

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24. 

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence. 

Share this article

?xml>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published.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

Crypto Currency

The cheapest bitcoin ETF yet: Morgan Stanley uses 0.14% fee to draw $100 million in first week

Morgan Stanley’s new MSBT fund has quickly attracted over $100 million by offering the market’s lowest fees, sparking a fresh wave of competition from rivals like Goldman Sachs…

Morgan Stanley’s new MSBT fund has quickly attracted over $100 million by offering the market’s lowest fees, sparking a fresh wave of competition from rivals like Goldman Sachs…
Read More

Continue Reading
Crypto Currency

Scarcity Pump or Monetary Suicide? The Radical Argument Against BIP-361

While proponents argue that the proposal prevents a “silent drain” of assets by quantum-capable actors, critics like Frederic Fosco contend that the solution is more dangerous than the threat. They argue that implementing a mechanism to freeze coins violates bitcoin’s core tenet of absolute property rights…

While proponents argue that the proposal prevents a “silent drain” of assets by quantum-capable actors, critics like Frederic Fosco contend that the solution is more dangerous than the threat. They argue that implementing a mechanism to freeze coins violates bitcoin’s core tenet of absolute property rights…
Read More

Continue Reading
Crypto Currency

Nasdaq Surges Past 24,000 as Bitcoin (BTC) Rallies to $76K Amid Ceasefire Optimism

Nasdaq reaches 24,016 all-time high, S&P 500 breaks 7,000 barrier, and Bitcoin surges to $76K as US-Iran ceasefire talks boost investor confidence. The post Nasdaq Surges Past 24,000 as Bitcoin (BTC) Rallies to $76K Amid Ceasefire Optimism appeared first on Blockonomi…

Nasdaq reaches 24,016 all-time high, S&P 500 breaks 7,000 barrier, and Bitcoin surges to $76K as US-Iran ceasefire talks boost investor confidence.
The post Nasdaq Surges Past 24,000 as Bitcoin (BTC) Rallies to $76K Amid Ceasefire Optimism appeared first on Blockonomi…
Read More

Continue Reading
Crypto Currency

Bitcoin Whales Go on Accumulation Spree as BTC Price Reaches ‘Make-or-Break’ Point

Meanwhile, a decrease in long positions on Bitfinext hints at at more upside potential ahead for BTC…

Meanwhile, a decrease in long positions on Bitfinext hints at at more upside potential ahead for BTC…
Read More

Continue Reading