{"id":20089,"date":"2023-04-21T18:55:05","date_gmt":"2023-04-21T18:55:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-whale-transfers-13-million-worth-of-dormant-coins-dating-back-to-2012-and-2013-bitcoin-news\/"},"modified":"2023-04-21T18:55:05","modified_gmt":"2023-04-21T18:55:05","slug":"bitcoin-whale-transfers-13-million-worth-of-dormant-coins-dating-back-to-2012-and-2013-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-whale-transfers-13-million-worth-of-dormant-coins-dating-back-to-2012-and-2013-bitcoin-news\/","title":{"rendered":"Bitcoin Whale Transfers $13 Million Worth of Dormant Coins Dating Back to 2012 and 2013 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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.<\/strong><\/p>\n

464 Bitcoin Move From an Old 2012-2013 Stash<\/h2>\n

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<\/a> 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<\/a>) that was linked to two significantly large<\/a> BTC<\/a> transfers<\/a> last year.<\/p>\n

At 8:19 a.m. Eastern Time on April 21, the Twitter account @lookonchain tweeted<\/a> about a new whale that sent old bitcoins dating back to 2012 and 2013. \u201cThe whale received [1,129 bitcoin] in October 2012 and May 2013, when prices were $12 and $195,\u201d the social media account said. In response to the tweet, one individual speculated<\/a> that it was \u201c[probably an] OG Silk Road vendor just released.\u201d<\/p>\n

Following the transfer of 278.89 BTC<\/a> by the aforementioned address and the subsequent tweet by the social media account, the address \u201c12At4<\/a>\u201d sent another 184.23 BTC<\/a>. So far, the address that once held 1,129 bitcoin has sent a total of 464 BTC<\/a> worth $13 million at current bitcoin exchange rates. Bitcoin blockchain parsers have been detecting old whales moving dormant coins for years, but statistics from Btcparser.com show that older bitcoins born in 2009, 2010, and 2011 are becoming rare spends.<\/p>\n

According to Btcparser.com and further research, a significant number of older Bitcoin transactions have come from 2016 and 2017 in the past few months. The last known transactions from 2009 occurred<\/a> just over a year ago on April 7 and 8, 2022, when around five Bitcoin block rewards mined in 2009 were spent in a series of transfers. Prior to that, the last time a 2009 block reward was spent was on March 20, 2020, which was nine days after the infamous \u201cBlack Thursday\u201d event<\/a>.<\/p>\n

At the time of writing, the \u201c12At4\u201d bitcoin address still holds 665.65 BTC<\/a> and the owner\u2019s corresponding bitcoin cash (BCH<\/a>) address still holds approximately 1,128.77 BCH<\/a>.<\/p>\n

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2009 Block Reward<\/a>, Bitcoin<\/a>, bitcoin address<\/a>, Bitcoin exchange rates<\/a>, Black Thursday<\/a>, Blockchain<\/a>, BTC Whale<\/a>, Cryptocurrency<\/a>, dormant coins<\/a>, Mt Gox<\/a>, Silk Road<\/a>, transactions<\/a>, whale<\/a><\/div>\n<\/div>\n

What do you think these recent moves by old bitcoin whales mean for the future of the cryptocurrency market? Share your thoughts and opinions in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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