Following the transfer of $60 million worth of bitcoins on April 19, after more than nine years of dormancy, another whale has made its move. The whale, who acquired 1,129 bitcoins in 2012 and 2013, has transferred 464 bitcoins worth $13 million for the first time in nine years.
464 Bitcoin Move From an Old 2012-2013 Stash
The price of bitcoin has fallen below the $29K zone and is struggling to hold above the $28K region. On Wednesday, a mysterious bitcoin whale transferred 2,071.5 bitcoins worth $60 million at the time of the transaction. This large stash of coins is associated with the Mt Gox saga and a strange bitcoin address (1McUC) that was linked to two significantly large BTC transfers last year.
At 8:19 a.m. Eastern Time on April 21, the Twitter account @lookonchain tweeted about a new whale that sent old bitcoins dating back to 2012 and 2013. “The whale received [1,129 bitcoin] in October 2012 and May 2013, when prices were $12 and $195,” the social media account said. In response to the tweet, one individual speculated that it was “[probably an] OG Silk Road vendor just released.”
Following the transfer of 278.89 BTC by the aforementioned address and the subsequent tweet by the social media account, the address “12At4” sent another 184.23 BTC. So far, the address that once held 1,129 bitcoin has sent a total of 464
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Author: Jamie Redman
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