The whales started moving again.
Data from blockchain company Arkham Intelligence showed 'Ancient whale' captured on Monday Bitcoin Over the course of 15 years, he moved a further portion of his vast holdings to American cryptocurrency exchange Kraken.
Mr. Arkham has been tracking whales for a while. At the beginning of the month, investors who acquired Bitcoin in 2009 coins moved It is worth about $3.6 million to the Kraken.
This time, they moved $630,000 of “digital gold” to the exchange.
The whale holds a total of 1,139.2 Bitcoins, with a current price of $74.5 million. Arkham said holders have transferred a total of $5.47 million to the exchange in the past two months.
This whale received coins during Bitcoin's “Satoshi era.” At that time, the network went live in 2009 after the pseudonymous creator of the cryptocurrency Satoshi Nakamoto mined the first block. This particular user mined Bitcoin just five days after the network went live.
Bitcoin whales are investors who have hoarded large amounts of Bitcoin (at least 1,000 BTC, worth $67 million at current prices) and have not touched their Bitcoin for years.
Such investors end up making big profits, but the whales are more likely to be companies or institutional investors than individuals.
When whales move, the price of Bitcoin can fall as industry observers, traders, and investors believe a big sale is coming. And when large-scale sales occur, it puts downward pressure on asset prices. In this case, due to the small size of the move, the transaction is more notable for the age of the coin than for its value.
Edited by Andrew Hayward
daily report meeting Newsletter
Start each day with the current top news stories, plus original features, podcasts, videos, and more.
