Bitcoin’s Sleeping Giants Awaken: Old Whales Resurface Amid Price Surge
On-chain data shows the dormant Bitcoin whales have come back alive to make moves following the latest price surge in the cryptocurrency. Old Bitcoin Whales Have Just Made Several Transactions As explained by CryptoQuant community analyst Maartunn in a new post on X, there have been several transfers involving old tokens of the cryptocurrency during […]
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On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years.
$60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout
A large string of so-called ‘sleeping bitcoins’ moved on Friday morning (ET) after remaining idle for more than 11 years. The 3,500 BTC worth over $60 million stemmed from seven different BTC addresses created on Oct. 7, 2011. It is the first large string of decade-old sleeping....
Bitcoin is back above $19,000 after repeated tests of below $18,000. Dip buyers have proven too strong to send prices tumbling, but at the same time, whales keep resurfacing, again and again, to sell down any intraday rallies as soon as they begin to hover above $19,250 for an expended period of time. This weekend’s […]
On-chain data shows the Litecoin whales have participated in a significant amount of buying recently, a sign that could be bullish for LTC’s price. Litecoin Whales Have Added Big To Their Holdings Recently As explained by analyst Ali Martinez in a new post on X, the LTC whales have been busy buying during the last […]
During the last week bitcoin’s USD value has shed close to 9% as it slipped from $44,239 per unit two days ago, to below the $40K range on Friday. Meanwhile, in the last 24 hours, two sleeping bitcoin block rewards from 2010 woke up after more than a decade of sitting idle. The 100 bitcoins minted in the early days were sent with little concern for privacy, and were worth more than $4 million at the time of transfer. Blockchain Parsers Catch 2 Block Rewards From 2010 Move 100 Bitcoin In the last 24 hours, two bitcoin (BTC) block subsidies stemming from 2010 were caught by....
On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021. After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today. Editor’s Note: Another block reward from 2010 that was created on July 18,....