Tags in this story
$10000 BTC, 2010, 2013, 2013 bitcoin, wake up bitcoin, bitcoin, bitcoin (BTC), bitcoin whale, block reward, BTC whale, ten-year old miner, mining reward, old bitcoin mobile, old BTC moving, sleeping, whale, whale
Although the price of Bitcoin is close to the all-time high set in February, the old coins that have been idle for many years have begun to wake up from their deep sleep. On March 4, at the block height of 673,162, the block reward worth 50 bitcoins from 2010 was transferred for the first time in more than ten years. In addition, after transferring 10,000 bitcoins that had been idle for more than 7 years on March 11, 2013 whales appeared in their sleep.
To be sure, early adopters, old-school miners and large Bitcoin whales have been attracting many cryptocurrency supporters. In the field of cryptocurrency, it is not uncommon for owners to hold coins for more than five years or even ten years without spending any funds.
From 2020 to 2021, Bitcoin.com’s news station has been following an old mining whale with the help of Btcparser.com, which has transferred 9,000 bits from the 2010 block reward since March 11, 2020 currency. The number of block reward expenditures in 2011 that the blockchain parser has captured.
After the report that the whale had spent 9,000 BTC, on March 4, 2021, after more than ten years of inactivity, a single reward of 2010 (50 BTC) was spent. The privacy measurement table of the block explorer Blockchair shows that when using today’s BTC exchange rate to consume these tokens worth more than $2.8 million, spenders took advantage of some differences.
However, since mid-March 2021, this veteran miner seems to have nothing to do with the giant whale that Bitcoin.com has been tracking in 2010. Among the 50 BTC, the unused address is 37.99981154 BTC. . At the same time, the 12 BTC in the output of the old 2010 block reward is divided into several parts.
On March 11, 2021, another event happened. The BTC whales of the seven years ago and seven months began to integrate a large amount of BTC. With the help of Btcparser.com, a whale merged 10,000 BTC ($570 million) since 2013 into two separate addresses.
Interestingly, these two large-scale movements of 5,000 BTC both came from the collection of coins collected on August 11, 2013. This means that the 5,000 BTC spent at the same block 674,085 and the 5,000 BTC transferred at the height of block 674,159 originate from the same owner. The 2013 BTC has been merged since August and is currently idle in two specific addresses, each holding 5,000 BTC.
There was another transaction in 2013 with similar spending heuristics. It is safe to say that yesterday’s 10,000 BTC transaction was actually the same owner, which is obvious because the tokens were merged into two addresses, which began on August 11, 2013.
Especially the earlier transactions, including spending 2,189 BTC on February 24, 2021, indicate that it has a very similar pattern to the 10,000 Bitcoin behemoth that spent coins yesterday seven years ago. Interestingly, these coins were extracted from whales that appeared in 2013, and only a few days ago. Since the move last month, 2,189 BTC calculated using today’s BTC exchange rate, worth 123 million U.S. dollars, have also been idle.
If the whales in 2013 were the same entity, there would be approximately 12,189 BTC patiently waiting to move again. If not, it is two separate, very large whales. One holds 10,000 coins and the other holds a total of 2,189 BTC.
To be sure, the high price of Bitcoin (BTC) in recent weeks has stimulated conservative holders to awaken their sleeping coins by merging or spending on exchanges. Entities with 10,000 BTC reserves had already merged coins as early as August 2013, when the transaction price of a single Bitcoin (BTC) was only over $100 per Bitcoin.
What do you think of the 2013 whale that integrated 10,000 BTC on Thursday? Let us know in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Blockchair,
Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. For the use or reliance on any content, goods or services mentioned in this article or any loss or loss related to it, the company or the author shall not directly or indirectly bear any responsibility.