Whale transferred $30 Million worth of BTC after 8 years of silence

A Bitcoin (BTC) Whale suddenly shifted $30 million worth of BTC after an eight-year hiatus.

The Bitcoin sat idle in one wallet until it was transferred as part of a much larger block that sent approximately 2,100 BTC to two other addresses. One address received 2,000 bitcoins, while the other received more than 99.99.

According to reports, the exact address received 1,000 BTC worth $567,600 on November 20th, 2013.

Bitcoin Transactions

The value of 1,000 BTC was $30,090,000. That’s more than 53 times what Bitcoin was worth in 2013 when it was barely $567.

The transaction costs were only 0.0016 BTC or around $47.15 at the time of execution.

Another wallet that has been inactive since 2012 moved 500 BTC on Thursday.

On April 5, 2012, the first deposit of one Bitcoin was made.

On June 3rd of that year, the wallet received another 499 BTC. At the time, the price of Bitcoin was only $5.25 per coin.

However, the wallet received little amounts of BTC throughout that time, which look to be dust transactions used by scammers to carry out dusting attacks.

Does Bitcoin founder know about him?

Although the founder of Bitcoin has remained silent for years, many people believe they know who he or she is.

As a result, media attention is usually drawn to transactions from long-dormant wallets. Because they spark speculation that Bitcoin’s mysterious creator, Satoshi Nakamoto, owns the currency.

On January 3, 2009, Nakamoto released the genesis block. According to the estimates of Blockchain researchers, it has mined about 1,000,000 BTC since then.

Satoshi first appeared on the internet in December 2010, when the Bitcoin network’s client software version was 0.3.19; the current version of Bitcoin is 22.0.

Bitcoin’s price has been quite unstable over the last few months; it was above $ 36,000 before a week and down to $25,401 last Thursday.

Bitcoin is currently on the rise after a market-wide correction. It is selling at $29,353 at the time of writing, up 13.5 percent from the year’s low.

ALSO READ: This Stock Exchange in Brazil to start trading Bitcoin Futures!

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing