Satoshi-era Bitcoin whale sells for first time in 10 years – still holding $72 million

How about this in “HODL”: Ancient Bitcoin Whale, who received the coins in 2009, didn't touch his stash for 10 years before finally selling it.

Blockchain data company Arkham Intelligence tracking “Diamond Hand” investors last moved coins back in 2014 prior to the latest series of trades.

Since then, Bitcoin has been sitting gathering dust —Until last monthwhenHe mysteriously began transferring the coins to the American cryptocurrency exchange Kraken.

And last week, a whale Less than $1 million transferred in Bitcoin After that, I continued to move to other wallets, including the day before. According to Arkham, the whale sold $10.5 million, but still has $72 million (1,064 Bitcoins) left in its wallet.

The investments in question include “Satoshi Era” coins. This is the Bitcoin that became available shortly after the network went live in 2009, when the pseudonymous creator of the cryptocurrency Satoshi Nakamoto mined the first block.

Bitcoin whale is the term given to crypto investors who hoarded vast amounts of digital coins and did not touch them for years. It is not clear from blockchain data whether such a “HODLer” is an individual or a company, but considering that the coin dates back to the early days of Bitcoin, it is likely that it is an individual in this case. It will be the highest.

Such a move, especially if the whale is a well-known entity, could lead to a decline in the price of Bitcoin as industry observers and traders expect a sell-off.

However, the price of Bitcoin has not fallen today. Currently trading It rose more than 2% in 24 hours to $68,075.

Edited by Andrew Hayward