Home News A whale transferred 2,000 bitcoins mined 14 years ago

A whale transferred 2,000 bitcoins mined 14 years ago

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Important facts:
  • With Bitcoin’s historic growth, your investment is worth 350,000 times more.

  • This market leading miner transferred his Bitcoins to a newly created address.

An investor classified as a whale due to his holding of more than 1,000 Bitcoin (BTC) has attracted attention after stepping down for the first time in 14 years.

Based on on-chain data from browser mempool space, Whale moves 2,000 Bitcoins he mined in 2010 to a new address Newly created wallet. The transaction, which can be seen below, took place a few hours ago on March 26, 2024.

Mining whale transactions detected on chain. Source: Mempool.

The price of Bitcoin has increased from $0.20 to over $70,000 (USD) since this whale mined the coins. He Due to which his wealth became worth millions of dollars, with prices going from just $400 to $140 million. That is, his “hodlio” strategy (saving without selling) allowed his investment to grow by 350,000 times.

Below you can see the increase in the price of Bitcoin over these 14 years.

It is unknown if the wallet he transferred his stake to is from the same whale or if it is from another person to whom he gifted or sold his coins. Whatever the case, the activity of this former Bitcoin whale with big profits was observed on the network.

“legendary”, Said Regarding this, Pete Rizzo, ecosystem journalist. Other than this, stood out Julio Moreno, research director at on-chain data provider CryptoQuant, said this type of activity is not seen on a daily basis. This can be seen in the following graph.

In black you can see the price of Bitcoin and in yellow you can see whale transactions. Source: CryptoQuant.

This whale slept for 14 years This happens as Bitcoin trades close to its new all-time high price (ATH) of $73,700 two weeks ago. As reported by CryptoNoticias, the currency took a hit after reaching that record due to strong profit-taking, but it has almost fully recovered this week.

Bitcoin’s growth is being driven in part by growing demand for the currency’s exchange-traded funds (ETFs) in the United States. In fact, many of these are among the stock market assets that have gained the most capital in history in their first 50 days of trading.

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